4 ms·
That will lead to a big boost in regressive taxation. The little guy will have to report and pay taxes on a lot of transactions that used to be under the table
by allears 5y ago
That will lead to a big boost in regressive taxation. The little guy will have to report and pay taxes on a lot of transactions that used to be under the table or between friends. But the fat cats will still have their lawyers and their loopholes, so they will be largely unaffected.