Re: [MLUG - DISCUSSION] Flat Tax

[shivers90 <EMAIL:PROTECTED>]

The IRS would not be abolished, but reduced
considerably.  Instead of them watching everybody for
income, sales, etc., all they have to do is watch
businesses and their transactions.  They also receive
reports regularly from businesses instead of millions
of individual tax returns at one time of the year. 
They only need to look at what the business charged
the customer for the product and make sure they
collected the correct tax, instead of is this person
entitled to take this deduction, did they report all
their income, etc.

--- Mike Miller <EMAIL:PROTECTED> wrote:

> Of course it would be an advantage to abolish a
> federal agency, but to 
> what degree will new agencies be needed to oversee
> the new program?  It 
> sounds like one bureaucracy will end, but another
> will be created.
> 
> One major problem will be to make sure that item
> sales are documented 
> accurately.  Suppose there is a 40% tax and someone
> is selling a car for 
> $20,000.  The seller could tell the buyer that he'll
> write it up as a 
> $10,000 sale to save $4,000 in taxes and split that
> savings with the 
> buyer.  How will we stop them from doing this?  We
> can't stop all income 
> tax fraud, but we do have a government agency
> investigating it.  We will 
> need a new agency to investigate the new kinds of
> fraud that arise with a 
> new tax system.

__________________________________________________
Do You Yahoo!?
Tired of spam?  Yahoo! Mail has the best spam protection around 
http://mail.yahoo.com 

_______________________________________________
discussion mailing list
EMAIL:PROTECTED
http://mlug.missouri.edu/mailman/listinfo/discussion