Add to that the fact that the point of sale isn't always clearly definable. (Is the "sale" when you sign a contract argeeing to purchase? Take delivery of goods? EFT a payment? drop the check in the mail? When a multi-year contract or project is >50% complete? What about like-kind exchanges?)
Forget any scheems where all businesses have standardized cash registers: What about goods and services that are sold in a manner where there are no electronic records of the transaction created? If I mow my neighbors lawn how will the tax be collected?
Will everyone be forced to carry around a credit card swiping machine so that every transaction can be traced and taxed?
Ok...Now I'm only playing devils advocate.
No system will be fair. Women and children will always be hardest hit.
Flame » in reply to Not productive - Consumptive
re: The problem with all these "consumption tax" and "point of sale tax" scheems is that they fail to tax barter transactions.
The whole thread (29 posts)
- US Tax Code
- Consumption tax drawback
- The wealthy in this country, have most of the money.
- With a consumption tax....
- You mean... We'd have to actually.... ENFORCE border security?
- re: You mean... We'd have to actually.... ENFORCE border security?
- That might work, but here comes the paperwork again. (n/t)
- An at-the-register value added tax would be virtually paper-work free
- re: value added tax
- Poverty ID
- Solution: Tax everything and pay the poor
- fascinating ..
- I haven't really worked it out but I think you might have a Perpetual Motion Machine on your hands. (n/t)
- In effect that's what Fair Tax proposes
- re: value added tax
- An at-the-register value added tax would be virtually paper-work free
- That might work, but here comes the paperwork again. (n/t)
- re: You mean... We'd have to actually.... ENFORCE border security?
- You mean... We'd have to actually.... ENFORCE border security?