Now consider a consumption tax (the so called fair tax). If you fail to report the transaction, you would be considered criminal too. The whole idea is that ALL WOULD COMPLY! Not true! even with the income tax there are people getting paid under the table. This would skyrocket!

I love the last paragraph! Remind me of Paul Harvey's "the rest of the story".

Also forgotten in this exchange is that that lost income for the company is reported to the IRS and you will be liable for that "income" received as taxable income- forgiveness of debt is taxable!

Why do you think the interest rates are so low? If they were allowed to float, we couldn't pay our debts!

Did they fire or discipline the professor?

Well, when about 80% of NYC HS graduates can't read, write or do math is this any wonder? What would they think if the cost of their favorite junk food all of a sudden doubled, because the labor to produce it doubled? There are so many folks along the line that will have increases in pay added at each step!

Almost all sectors of the population have come to expect cost of living increases (COLAs) regarless of their increase in effort. all of those are inflationary too. An increase in labor costs means an increase in cost to the consumer. An increase in pensions, SS etc also means an increas whether in cost to the employer or taxes! Automatic COLAs are just as bad as baseline budgeting.

No- deer meat is not organic because the hunter cannot control where the deer ate. Stupid regulations by those who want to ban anything that doesn't meet their "control freak' regulations. allows higher profits to carry the Organic label- hogwash!

No- deer meat is not organic because the hunter cannot control where the deer ate. Stupid regulations by those who want to ban anything that doesn't meet their "control freak' regulations. allows higher profits to carry the Organic label- hogwash!

Don't believe that one second. Non profits allow TAX DEDUCTIBLE contributions to be included on itemized tax returns (schedule A). This in turn reduces their tax liability (takes away from the tax they must pay). Hence the Government loses tax revenue. So yes tax dollars are 'spent" on any deduction to a non profit!

You forgot to remove those who retired, were laid off or died. The net is up only 17000, for an increasing population- not very promising.