That's great Nightie ... and as several of us have pointed out to you whenever you bring up his hare-brained notion ... by all means DO SO!! there are several of us who'd be happy to bring you cigarettes, cigars, soap (sorry, razor blades not allowed - nor files) providing you pay for them of course and the prison doesn't prevent it.
That's be really a cool way to ding yourself - but then, hey, no one ever said you were too smart (well actually one guy named Looey did, but we know how that goes, eh?)
So you just have your "business" and keep losing money - hopefully not too much or you might have been better off to pay the tax in the first place and not subject yourself and your family to such hassle, expense, and embarrassment. But, hey, big guy, it's your life - waste it however you please. Just keep us all advised as to how much the fines are and how long the prison term is.
That's a really fine idea Nightie - gopherit!!
Just keep us all advised as to how much the fines are and how long the prison term is.But I wouldn't be doing anything illegal - unless having an unprofitable business would be illegal under the FairTax.
All those do all they legally can to avoid taxes and there are many legal ways to do that. While the liberals rail about taxing the rich they are busy opening back doors to let them out of the trap. All have numerous trust, foundations, and corporations which buy much of what they own and shield their children from estate taxes.
But, they all buy. Legal or illegal, they all buy. Much of that is taxable even if they do buy "used" estates, cars, art, antiques, etc.
I don't care how much the rich have and actually want them to have even more. They have to do something with it. When they sock it away in the bank the bank can't just hold it and pay them interest. The bank must put it to work in a way that the depositor makes money, the bank makes money, and the person they lend the money to makes money. Same with investments, no matter what they are. Along the way a lot of money is made and a lot of it is spent on taxable items.
The best way to make the rich pay their "fair share" is to become one. Then miraculously it becomes fair.
Thus, where income is now generally subject to tax, and thus, these folks pay whether they buy a new Lexus or 1,000 shares of IBM, under the NRST, these folks will pay much less in taxes than they are paying now. Much, much less.
I am not sure I agree with this but it doesn't matter that much. A super rich family of four has four purchasers and one income. That narrows the gap considerably.
A poor family of four has one or two wage earners but four purchasers, or four people for which things are bought. Generally speaking the purchases taxed are equal to the wages taxed.
A middle class family with credit cards usually engages in lots of transactions.
I am confident the tax money to run the government will be there. The tax base increases, the prices stay close, and the worker has more to spend.