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That's how I interpret it as well, though I don't see how one would implement this. Would we all have to start collecting all our receipts, even for private pur
by nhaehnle 12y ago
That's how I interpret it as well, though I don't see how one would implement this. Would we all have to start collecting all our receipts, even for private purchases? That seems like a headache...
- k-mcgrady 12y agoTrue, a system would need to be put in place. Would it be enough to just look at money going out of your bank account and report that? I guess there would be irregularities if you were sending money as a gift or to charity.
- capisce 12y agoThe system would also need to be global, through international cooperation - otherwise one who spends the same amount in one country would end up in a higher tax bracket than one who spends the same amount divided between two countries.