Quote:
Originally Posted by Shazam
It ends up being a tax on a tax as you go down the supply chain...
There's a pretty easy workaround for this to minimize the amount of tax paid anyhow. It shouldn't take you more than five minutes to figure out.
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You might say cash, but even that would be taxed when you take it out at the teller or ATM. If the cash were eventually deposited, it would be taxed again as another transaction. Not perfect, but the same issue already exists in our current tax system regarding cash. This is basically a tax that gets levied any time money is used. Anyhow, not a chance this would ever see the light of day. I would be happy to settle for a one page tax code.