To: jslade
The answer is the Fairtax (fairtax.org), i.e. national sales tax. The IRS would be abolished. All those taking cash for services would be paying. A national sales tax, YES. And at the wholesale level ONLY.
36 posted on
04/13/2005 12:26:11 PM PDT by
Zhangliqun
(What are intellectuals for but to complexify the obvious?)
To: Zhangliqun
A wholesale tax is call a VAT. It is also applied at retail, in most cases. NRST taxes only retail - it taxes stuff that is consumed.
A wholesale VAT would not extract money from the underground economy.
38 posted on
04/13/2005 12:29:19 PM PDT by
eno_
(Freedom Lite - it's almost worth defending.)
To: Zhangliqun
A national sales tax, YES. And at the wholesale level ONLY. Have you even read H.R. 25?
39 posted on
04/13/2005 12:29:44 PM PDT by
jslade
(People who are easily offended......OFFEND ME!)
To: Zhangliqun
A national sales tax, YES. And at the wholesale level ONLY. That would be a disaster. Retail ONLY is the way to go. Then everyone knows how much tax they pay.
This also eliminates the taxation of businesses and the need for a whole floor of tax accountants and lawyers.
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