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Getbig Main Boards => Politics and Political Issues Board => Topic started by: chafed_nut_sack420 on July 24, 2008, 06:57:47 PM
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This information can also be heard from Ron Paul video posted by Deicide.
Restaurateurs are among those targeted by a new Treasury Department plan to audit credit card transaction data to help collect some of what the Internal Revenue Service has estimated is nearly $100 billion a year in unpaid taxes on hidden small-business income.
The proposal to allow the IRS to obtain sales data from credit card companies for comparison with business owners' reported revenues is one of more than a dozen tax collection methods put forth by Treasury officials this month. Those proposed tactics, part of President Bush's budget proposal, come to light as the Democratic majority in Congress is pressing to close the payment gap in order to fund spending programs without raising new taxes.
cont' http://findarticles.com/p/articles/mi_m3190/is_8_41/ai_n27158406