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Welcome to SportTrac.Org
Off Topic Discussion
Vice President Dick Cheney accidentally shot............................
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<blockquote data-quote="Dale Carter" data-source="post: 589455" data-attributes="member: 59785"><p>GWAC - Also an enormous underground economy in the US, especially barter and cash sales. Taxes of any kind encourage people to find a way to avoid them.</p><p></p><p></p><p></p><p>Under the Fair Tax, it is impossible to buy any item at retail and not have the taxes collected. The taxes are paid to the buyer of an item and then "rebated" to them when they sell it. Under either system, there all kinds of tax dodges. I work with a lot of independent contractors and, when I ask the price they as if I am sending them a 1099 at the end of the year.</p><p></p><p></p><p></p><p>One of the beauties of a consumption tax is that illegal or hidden income is taxed when the person buys something with it. Another is the dramatically lower cost of compliance and the freedom of economic choice. By freedom of choice, I mean that I don't have to consider tax consequences for nearly every business and estate decision I take. That will result in an enormous spurt of economic growth.</p></blockquote><p></p>
[QUOTE="Dale Carter, post: 589455, member: 59785"] GWAC - Also an enormous underground economy in the US, especially barter and cash sales. Taxes of any kind encourage people to find a way to avoid them. Under the Fair Tax, it is impossible to buy any item at retail and not have the taxes collected. The taxes are paid to the buyer of an item and then "rebated" to them when they sell it. Under either system, there all kinds of tax dodges. I work with a lot of independent contractors and, when I ask the price they as if I am sending them a 1099 at the end of the year. One of the beauties of a consumption tax is that illegal or hidden income is taxed when the person buys something with it. Another is the dramatically lower cost of compliance and the freedom of economic choice. By freedom of choice, I mean that I don't have to consider tax consequences for nearly every business and estate decision I take. That will result in an enormous spurt of economic growth. [/QUOTE]
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Off Topic Discussion
Vice President Dick Cheney accidentally shot............................
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