February 28, 2009
ZERO PROFIT - NOT SO CRAZY AFTER ALL
Looks like others are starting to have similar ideas about limiting their incomes to cut off tax revenue.
Here's the beginning of an exchange started by Jonah Goldberg at NRO.
Here's the first follow up. And the next.
Knowing these guys, there will be quite a thread of ideas and feedback (and vitriol, as usual, from the Left) from readers & contributors before they're done.
I think that between the new anti-tax "Tea Party" movement, and these passive "John Galt Lite" actions by normally aggressive wage earners and business people, we're going to see a lot lower tax revenue, and a lot slower growth than we would expect for the apparent economic activity level. What we're talking about here is a "gray" market - not entirely underground, but not totally visible and accountable to the taxing entity.
I'm hoping my uber-smart Dunn cousins will weigh in on this. Hey, Tom & Peter: how do you maximize your buying power while minimizing your AGI and/or net profit before taxes? And stay out of jail in the process?
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Here's the beginning of an exchange started by Jonah Goldberg at NRO.
Here's the first follow up. And the next.
Knowing these guys, there will be quite a thread of ideas and feedback (and vitriol, as usual, from the Left) from readers & contributors before they're done.
I think that between the new anti-tax "Tea Party" movement, and these passive "John Galt Lite" actions by normally aggressive wage earners and business people, we're going to see a lot lower tax revenue, and a lot slower growth than we would expect for the apparent economic activity level. What we're talking about here is a "gray" market - not entirely underground, but not totally visible and accountable to the taxing entity.
I'm hoping my uber-smart Dunn cousins will weigh in on this. Hey, Tom & Peter: how do you maximize your buying power while minimizing your AGI and/or net profit before taxes? And stay out of jail in the process?
Posted by: JBD at
03:19 PM
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