I'm not sure how politically viable it is either — the wealthy owners of congresspeople will scream like they are being murdered.
I wasn't thinking of any kind of VAT, where you need to subtract out your cost, etc.; that is a mess! Just a straight shaving off the transaction. The idea is to spread it over so many transactions the rates are so low it isn't worth bothering to work around.
For example, if you try to structure a $1million house purchase into ten %$99,999 payments to get from 0.5% down to 0.4% rate, you will save a grand total of $1000, hardly worth it considering there should also be laws with strong penalties for such structuring.
I wasn't thinking of any kind of VAT, where you need to subtract out your cost, etc.; that is a mess! Just a straight shaving off the transaction. The idea is to spread it over so many transactions the rates are so low it isn't worth bothering to work around.
For example, if you try to structure a $1million house purchase into ten %$99,999 payments to get from 0.5% down to 0.4% rate, you will save a grand total of $1000, hardly worth it considering there should also be laws with strong penalties for such structuring.