I betcha that the current IRS could be re-tasked to do that job until
integration of all software... ;-)
Lester
On Mar 4, 2011, at 11:15 PM, BJNoSHOV8 wrote:
> I'm not sure why you exempted food, but that's a separate discussion.
>
> I've heard about "flat rate tax" and "sales tax" before. It seems that
sales tax might be more fair to all different income levels. I've been trying
to figure out how this could be applied to higher income levels without
abuses. I think some high income earners get around taxes by having their
companies buy things for them, but if there are taxes when a company buys
something as well as when an individual buys them, then the taxes get charged
either way.
>
> The hard part with this system will be the collection of taxes. How can you
be sure that everyone that sells something pays taxes on it. For instance now
we have a company that sells a product to a distributor, that sells it to a
retailer, that sells it to the consumer. The product goes through lots of
different hands but it is the retailer that collects the tax. So the tax
collector has to get the tax from the right sales level, and they have to
determine how much was sold in order to know how much tax to collect. This
would be the hard part. A retailer could say that they sold 10 refrigerators
this month, or they could lie and say they only sold 5 refrigerators. It
would take a lot of man hours to audit this system to determine if they were
correct or not. I don't think we need to increase the size of the IRS anymore
than they are now.
>
>
>> BINGO! We have a winner. "What is Income?" Abolish "Income" taxes all
together. It is impossible to be fair when you can't define that which you
are taxing. INSTEAD... tax cash flow. A consumption tax on everything but
food, and at all levels.
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