Originally posted by Lizking
If there is a 20% tax on a transaction, a large percentage of those transactions will become tax free via barter and private paper. Dream on.
20% on all? Noooo...not what I meant...At least didn't mean to if thats the way I cam across.
Person makes a million a year...15 percent is deducted from that for taxes. No more. No deductions for anything. No interest deducts. No Child tax. Marriage tax. Nothing. 15%.
Go buy a loaf of bread for a dollar...Pay 5 cents more. If state has a sales tax of say 8% than that state is up to 13 percent in sales tax. Move.
AT the end of the year....or april...whicever ya want to look at it.....I OWE Uncle sam nothing. Nadda Zilch 0.00.
And the people that have these "LoopHoles" lawyer ex[perts will save money by not paying them. PLUS they will pay their fair share.