Reply #149: That's a great point [View All]

[The White Tree]

There are a lot of off the books things that go on now especially in many small buisnesses, but the potential for abuse on this would be tremendous.

What would be required of a business to ensure tax compliance - full auditing of their inventories? Monthly inventory and tax accountability statements? I'm sure that will go over great in the Red states. Thought they wanted government out of their lives.

Somehow it doesn't sound as simple as they are making it out to be.

Also, what would states do to collect income?