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I try to look at this in a positive light.
If more income is taxable, then revenues will increase and perhaps either tax rates will fall or the new found tax revenues can be put to good use -- like national debt reduction, balanced budgets, infrastructure improvements.
Perhaps, 20% of the economy is cash-under-the table.
Barter will still exist ... Money should only be taxable once -- specifically corporate and personal income taxes and resales of items already taxed like used autos and the like.
Taxed income that is taxed again by national VAT is wrong.
In the USA the States have to make a choice: a general sales tax or an income tax -- you cannot have both.
I guess fairness in taxation is my point.
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