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To: lucysmom
From the tax panel report For the portion of income from which taxes are not withheld and there is no third-party reporting, income tax evasion rates are estimated to be around 50 percent.

But there is 3rd party reporting under the nrst. Did you forget that?

Retailers will have a registration that allows them to purchase tax free and allows them to be paid for remitting the tax.

They aren't simply asking retailers to please be honest! They'll be checking.

210 posted on 09/24/2006 8:53:41 AM PDT by Principled
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To: Principled
They aren't simply asking retailers to please be honest! They'll be checking.

What you are suggesting is an audit, not third party reporting.

Third party reporting would mean requiring the consumer to retain his receipts and report his purchases, the sellers and tax paid to the government.

212 posted on 09/24/2006 8:59:59 AM PDT by lucysmom
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