Originally Posted by antelope_sniper
Originally Posted by scottf270
I pray for the day there is no more cash. Costs too much to print and protect from counterfeiting. Also all the tax cheats who shove unreported cash in there pockets and don't pay their fair share of taxes. Bring it on!!
Also, let's do away with any business deductions and expenses. Tax every business a percentage on total gross sales. Very little accounting. Figure your tax burden when figuring out your sale price of goods or services. Would do away with receipts, decisions on what's an admissable deduction etc. No depreciation crap. Easy and open and fair. Would stop the Amazon's, Apples,etc from paying little to no tax.


Obviously you've never done business in countries with a VAT or similar taxes, nor considered the full implications of your scheme.

I can just imagine all the drooling entities waiting to tax the proceeds of your garage sale or when you post an ad on craigslist to sell the old washing machine. Gotta pay your fair share. Also, .gov and big bother need to know your every single purchase habit, location and items complete with timestamp too.