Comment by vel0city

> The person who’s passsing the money down already paid tax on the money

Why should I pay sales tax? I already paid tax on the money as income tax.

Why should I pay income tax on that money? That money was already taxed through payroll taxes before the employer paid me.

Why should the employer pay payroll taxes on that money? They already paid income taxes on it.

Why should companies pay income taxes on that money? They already paid sales taxes.

You don't pay taxes on literally the serial numbers of the notes being moved, you usually pay taxes when those monies move between entities.