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04-13-2005, 11:23 AM
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#11 |
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I think this line's mostly filler.
Join Date: Jan 2003
Location: DC
Posts: 13,575
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It's not like money is created in the paycheck, and destroyed when you spend it. You can't put a checkmark on a $20 bill, and only tax the first time it changes hands.
The closest thing to taxing "money" instead of transactions is the property tax, and I somehow doubt that much enthusiasm could be drummed up for moving from an income (ie transaction) tax to a total holdings ( cash, funds, and assets ) property tax.
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