All of my potential customers do. If they don't buy, I'm out of business.
That's how that works.
/johnny
If they buy from you it’s a cost of goods deductible. The tax is based on net profits. What am I missing here.
>>Freepers must make in excess of 450K a year.
>
>All of my potential customers do. If they don’t buy, I’m out of business.
The problem is that (1) we have a fiat currency, which means that the value can be, and is, arbitrary (w/o ceiling or floor), and (2) the agreement is simply a number ($450K) and can be reached at any time via inflation, and likely can be changed arbitrarily.
This is why a gold or silver standard are better than a fiat currency — they have an intrinsic value and therefore are not merely imaginary numbers which can be manipulated at-will. (Of course the value of some coin can be fraudulent — but that is a separate issue.)