Quote:
Originally Posted by Ethersync
a) Trivial? You must not run a business. This is not just about credit card or paypal transactions. Cash transactions are also included. The amount of paperwork required to track all this is going to crush small businesses.
b) PayPal already reports income to the IRS. There has to be a balance here. This new system treats us like we are all guilty. And if the government is really concerned about tax compliance they need to look at themselves: http://latimesblogs.latimes.com/wash...taxes-irs.html
c) You clear are way over your head here. In your example banks are reporting PROFIT earned from interest. That is not the same as reporting how much I spend on gas, food, shopping, etc.
Why does the government need to know everything you buy? Are we not entitled to any privacy? |
Well said.
If it were not so ridiculous, I would find it funny the governments of the world (particularly U.S.) waste so much time on tax collection and new tax laws considering how little they actually provide the bulk of Americans. It's not like we are getting free higher education, healthcare, or things other socialized countries are getting in return for their VAT taxes.
If I actually saw more return on my investment of taxes, I may take the bend over a little more graciously. The relentless focus on the government to tax and spend, and then pass more taxes to pay for the enforcement of that philosophy really gets to be ludicrous at some point. It is one big circle of tax and spend.