News for hackers. Stuff that matters.

A comment on The IRS has upgraded its technology to track virtually everything you do online. Parent comment

Re:The IRS has upgraded its technology to track virtually ev... by ars on Sunday June 16, 2013 @02:24AM (#5887659)
Tax already has an effect on demand - it reduces income, which reduces available money. This just makes it more obvious.

Corporations are owned by people (consumers as you call them), tax the person, not the intermediary.

And in any case the corporation would also have to pay the tax on everything they buy.

[ Parent | on HN ]
Re:The IRS has upgraded its technology to track virtually ev... by eightyone on Sunday June 16, 2013 @06:23AM (#5888028)
You should check out the link I posted above. Under the FairTax the highest and lowest brackets will see their share of taxes go down. Everyone who makes between $15,000 and $200,000 will see their share of taxes go up.
[ Parent | on HN ]