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To: casablanca

I would admit that the IRS can downsize, but I still see 15k of their folks around to investigate people who will still try to sneak around the factual reporting. But I will caution you on two episodes that will come. First, the initial Xmas season will shock everyone with prices up by nine percent on gifts. Retail sales will decrease by twenty percent. Things will recover in two to three years as people get used to this. Second....sticker shock over new car sales will be a problem, and for an entire year....folks won’t be buying new cars because of the cost factor.


70 posted on 10/13/2011 1:59:05 AM PDT by pepsionice
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To: pepsionice

The hidden costs of products driven to a measurable degree by high corporate taxes (soon to be 9% instead of 35%) and payroll taxes (soon to go to zero) and Capital Gains taxes (soon to got to zero) will adequately offset the new sales tax.


90 posted on 10/13/2011 12:34:26 PM PDT by casablanca
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