Trippah wrote on 04/23/15 at 21:11:29:I think this is why so many look at a national sales tax, but I suspect that much like meals taxes, only a portion are actually forwarded to the government. SO, make the 3 tier tax rate on all income without any deduction for loses or cost (that is gross revenue, not profit) A system change that would have to be implemented over a period of time, for sure. I suspect though that many might like to impose a national sales tax as it might be easier to collect from businesses than individuals. But I am against this, as I doubt that all goods and services would be reported (heck, lawyers don't even have to tax for their services). Oh well,
So far as I know all services are non Taxable, at least in Tx
that mean no lawyer tax, no tax on LABOR when a mechanic works on your car, no tax on your Karate class or personal trainer services
PRODUCTS are taxed, (except for food) but not services
I highly doubt anyone who make 50 mill only spends 1 mill, and if they do, they're no worse than a guy who makes 400 a week and lives on 100. That's called being frugal