Quote:
Originally Posted by L-Pink
The only way to really tax people working off the books is to tax what they spend. Since this is a growing part of our economy, some say 2 trillion, something needs done.
And a lot of these people receive benefits then earn unreported income, double-fucking taxpayers.
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That is probably the plan -- the taxman will always be there.
The real question is what will be taxed? If it is just consumer goods consumption such a tax would be regressive.
If real estate as well as other securities and intangibles are taxed the rate could maybe be 3% or 4%. The big time tax evaders (or sheltered speculators) are not using Obamaphones and EBT cards.