Comment All personal income is taxable (Score 1) 783
A "cashless" black market is also exempt from taxation. Nice try though!
It is not "exempt". It is tax evasion. Ever heard of Al Capone? Jailed not for bootlegging and murder etc etc, but for not paying taxes on his ill-gotten gains.
Furthermore, estimates are that the black/underground market is as high as 28% (!!!!!) of the US economy. Source1 Source2 Pay your niece to babysit using cash? You're enabling tax evasion. Pay your drywaller in cash? Probably also encouraging illegal immigration. Borrow your brother's truck in exchange for a case of beer? TAX EVASION! Tony Soprano, "legitimate businesses", drug dealers and money laundering? TAX EVASION AND THE 4 HORSEMEN OF THE APOCALYPSE!
Two conclusions:
-- Everyone is crossing the line from avoidance to evasion. Rich AND poor.
-- Tax laws (all laws, really) are draconian in their complication, pervasiveness and obscurity.
It's almost enough for me to seriously support the "FairTax"...