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That's opening quite a can of worms, though, isn't it? If I were selling a product that was barely breaking even, would you have the government tax me into a l
by gozur88 10y ago
That's opening quite a can of worms, though, isn't it? If I were selling a product that was barely breaking even, would you have the government tax me into a loss?
- ubernostrum 10y agoMany countries already have VAT. And in the US, state and local governments levy taxes on a percentage of sales, which are paid by the buyer. If this were going to massacre gigantic numbers of businesses, or cause the number of people willing to go into business to drop to zero, it would have already and we'd have noticed. So if a tax on money made from selling products is what's desired, this -- rather than an avoidable tax on profit -- is a way to do it.