An at-the-register value added tax would be virtually paper-work free

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An at-the-register value added tax would be virtually paper-work free

DL — 4/14/2005 2:46:34 PM (archived)

In fact, with some changes to how Cash Registers are made and operate, it would be paper-work free. The gov't would simply send a bill to the business owner monthly or quarterly, and the amount to withold from that days proceeds would be available data on the system when the owner or manager cashes out the register. Audits would be a workman showing up to run diagnostic on the system or to refresh the crpto-keys. At worse, a random check to make sure SKU codes line up with the taxes. Make the modem-based solution optional and get rid of the Big Brother effect.

D

The whole thread (29 posts)

US Tax Code - phil - 4/13/2005 4:48:03 PM
- Consumption tax drawback - RobVG - 4/16/2005 4:14:44 PM
  - Maybe for a change governments could cut back on non-essential programs... (n/t) - Tom Brosz - 4/17/2005 4:11:45 AM
    - The real "welfare Cadillac" is in the corporate garage." (n/t) - Bowser - 4/19/2005 8:00:47 AM
    - Define "non-essential". - Mary Anne - 4/17/2005 7:02:55 PM
      - re: Define "non-essential". - Tom Brosz - 4/18/2005 1:15:24 AM
      - re: Define "non-essential". - gbaikie - 4/18/2005 1:14:54 AM
- The wealthy in this country, have most of the money. - alcaray - 4/13/2005 8:56:53 PM
  - No S*** Sherlock - p - 4/16/2005 11:24:47 PM
- With a consumption tax.... - Tony - 4/13/2005 7:02:56 PM
  - You mean... We'd have to actually.... ENFORCE border security? - DL - 4/13/2005 7:58:14 PM
    - re: You mean... We'd have to actually.... ENFORCE border security? - phil - 4/13/2005 8:19:02 PM
      - That might work, but here comes the paperwork again. (n/t) - Tom Brosz - 4/14/2005 5:52:22 AM
        
        An at-the-register value added tax would be virtually paper-work free - DL - 4/14/2005 2:46:34 PM
        
        re: value added tax - Tom Brosz - 4/16/2005 7:12:15 AM
        
        Poverty ID - DL - 4/18/2005 12:10:50 AM
        
        Solution: Tax everything and pay the poor - Nick Hoffman - 4/17/2005 11:22:30 AM
        
        fascinating .. - Daniel - 4/19/2005 5:16:16 AM
        
        I haven't really worked it out but I think you might have a Perpetual Motion Machine on your hands. (n/t) - Tom Brosz - 4/18/2005 1:18:07 AM
        
        No, a 26% consumption tax raises sufficient revenue (n/t) - p - 4/18/2005 9:06:11 PM
        
        Sounds like the productive citizens end up taking it in the shorts again. - Tom Brosz - 4/20/2005 4:53:36 AM
        
        Not productive - Consumptive - Nick Hoffman - 4/20/2005 12:54:07 PM
        
        re: The problem with all these "consumption tax" and "point of sale tax" scheems is that they fail to tax barter transactions. - Scott Evil - 4/21/2005 11:14:29 PM
        
        re: The problem with all these "consumption tax" and "point of sale tax" scheems is that they fail to tax barter transactions. - p - 4/22/2005 3:17:01 AM
        
        re: Not productive - Tom Brosz - 4/21/2005 7:21:23 AM
        
        Bingo! (n/t) - phil - 4/21/2005 1:47:48 AM
        
        No perpetual motion. - Nick Hoffman - 4/18/2005 9:52:13 AM
        
        different minimum standards of living in different areas - SDG - 4/19/2005 2:31:26 PM
        
        In effect that's what Fair Tax proposes - phil - 4/17/2005 4:27:44 PM

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