Income tax Quote by Neal Boortz
![“[W]hen you look at who’ll be collecting this tax, the chances of drumming up a conspiracy suddenly look even worse. In America, .03 percent of all of America’s companies—688 companies, to be exact—sell 48.5 percent of all of the merchandise. Those companies aren't going to help you cheat; there’s…” quote by Neal Boortz](https://sms4smile.com/quotes/img-quotes/8a3/neal-boortz-4250_income-tax_w-hen-you-look-at-who-ll-be-collecting-t_927289.jpg)
““[W]hen you look at who’ll be collecting this tax, the chances of drumming up a conspiracy suddenly look even worse. In America, .03 percent of all of America’s companies—688 companies, to be exact—sell 48.5 percent of all of the merchandise. Those companies aren't going to help you cheat; there’s simply too much at stake. Date also show that 3.6 percent of all of America’s companies—92,334 firms—collectively make 85.7 percent of all sales… When it comes to the services sector, the fact is that 1.2 percent of all businesses make approximately 80 percent of the sales in the services sector. They have too much to lose to risk helping you cheat. Even if the FairTax were paid only by these few companies, we would still have a better collection rate than the IRS currently has with the income tax.””
About This Quote
Source Speech: FairTax Advocacy Talk, 2005
The quote argues that a tiny fraction of companies dominate sales, making tax collection via them more reliable than the current IRS system.
In simple terms: Few firms control most sales, so they could enforce tax better.
Key Takeaway
Target large firms for tax compliance.
Themes
tax policy
economics
government
tax collection
market concentration
Mood
skeptical
analytical
Type
policy
argumentative
When to use this quote
- policy debate
- tax reform proposals
- government budgeting
- business strategy
- public administration
Key Concepts
monopoly power
tax compliance
public finance
Questions to Reflect On
- How realistic is it to rely on a few firms for tax collection?
- What incentives would ensure their compliance?
A Different Perspective
Assumes large firms would cooperate, ignoring potential resistance or legal challenges.
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