On 2011-03-07, Jon Elson wrote:
On 03/07/2011 03:15 PM, Rich Grise wrote:
Ignoramus1796 wrote:
On 2011-03-07, wrote:
The local IRS agent reads this news group and has made notes to look
at your next year's tax return to see how you report this money!

Naturally, I report all my income.

We could solve all our taxation problems by replacing the income tax
with an outgo tax. Don't tax what people _earn_ (or steal, etc.), tax
them when they _SPEND_ it!

Buy a $10,000,000.00 mansion, pay $1,000,000.00 purchase tax.
Buy a $100,000.00 diamond necklace for the princess's coming out present,
pay $10,000.00 purchase tax.


What about the grocery store that makes a 1% margin on sales? Or the
grocery wholesaler that makes a 2% margin on sales to the grocery?
Or the farm that makes a 5% margin on the food they grow?
Now, food prices will be inflated by 50% or more by government taxes.
(I'm sure it will really end up double or higher, I just can't think of
all the other middlemen right now.)

Rich needs to stop smoking what he is smoking, and when cannabis
effects finally recede, read about sales tax and VAT.

i