FC wrote:
"Are fed auditors going to come around and demand 27% of my garage sale and e-bay receipts?
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Not unless you are a licensed retailer of new goods.
Used goods of any kind would not be taxed.
Why don't you ~read~ about how the proposed 'fair tax' would be structured?
It would work if tied to a Constitutional Amendment repealing the income tax, and limiting State & local sales taxes.
Fair Tax
Address:http://www.fairtax.org/
I make pottery in my garage that I sell at craft fairs (I don't but for sake of argument). Will I be taxed? It's new goods right? Will the clay I buy be taxed? Am I buying it at wholesale or retail? Who will determine that? Who will audit my sales?