Quote:
Originally Posted by opendoor
Also absolutely impossible to evade. Wealthy people would never just shift a significant part of their tconsumption abroad. And with no real IRS any more (which is generally part of these proposals), I'm sure it'd be extremely difficult to evade paying it in a bunch of ways.
Seems like a political loser too. The Republicans' base is old people. Imagine working your whole life paying tax on that income and then when you retire and generally have a lower income and tax burden, all of they sudden they introduce a 30% consumption tax on everything you buy.
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Actually fairly easy to evade for the rich, you just create a company that then buys pretty much everything you need, a house, the Lambo etc that then leases it to you at minimal cost and then uses the loss on the lease as a tax write off thus shifting your consumption into a corporation loss, basically your rule of thumb should be if the GOP propose it then it will be easy for the rich to avoid