[Always Right]

Are you arguing that the FairTax will not effectively repeal the Internal Revenue Code?

While I could make a point a good portion of the IRS code is left in place (the Fairtax bill repeals selected sections not the whole code), that was not my point. When you say compliance costs AND regulations costs, I assumed he was talking about regulations outside of the IRS code like OSHA or something. Otherwise he is just being redundant with his terms.

[Conservative Goddess]

In fact, very little of Title 26 will be left in place when HR 25 is enacted.

HR 25. S.25 repeals Subtitles A, B, C --The Subtitles related to income taxation. Subtitles D through K are re designated as B through H. A quick review of the list below indicates that only two taxing subtitles will remain after the bill is signed into law and both of those relate to excise taxes.

Here's a list of all the current Subtitles:

United States Code
TITLE 26 - INTERNAL REVENUE CODE
Subtitle A. Income Taxes
Subtitle B. Estate And Gift Taxes
Subtitle C. Employment Taxes
Subtitle D. Miscellaneous Excise Taxes
Subtitle E. Alcohol, Tobacco, And Certain Other Excise Taxes
Subtitle F. Procedure And Administration
Subtitle G. The Joint Committee On Taxation
Subtitle H. Financing Of Presidential Election Campaigns
Subtitle I. Trust Fund Code
Subtitle J. Coal Industry Health Benefits
Subtitle K. Group Health Plan Requirements