But in addition to the 90K taxable filed by the lawyer, the drug dealer made 3.2 mil.......TAX FREE.Except the drug dealers 3.2 mil was from after tax dollars...that wouldn't be the case with the fairtax, it wouldn't be taxed untill he spent it...and don't forget his prebate which lowers his effective tax rate too.
And the fairtax plan would be an incentive for more illegal activity including finace fraud too because it would be a bonanza for money laundering...you know because it's no body's business where your money comes from and you don't have to report it.
Good point. The drug users already paid tax on their income and had $3.2 mil remaining to spend on drugs.
Hmmmm. With illegal drug prices remaining the same and with disposable income increasing 20-25%, why, the drug dealer is going to have a field day!
Money laundering today doesn't appear to be too greatly hampered by the income tax laws ... but those laws DO impinge greatly on other legal individual taxpayer liberties.