[kevkrom]

With a NRST, how will you avoid people setting up a business in their homes and buying everything they need tax free?

The NRST has provisions for conversion of business assets to personal use and vice-versa.

[Your Nightmare]

The NRST has provisions for conversion of business assets to personal use and vice-versa.

So, now instead of filing income taxes one a year with deductions, a self-employed person must file business assets once a month to get his "business use" credit? What's the difference?

And who is going to investigate whether a business asset is truly a business asset? Sounds like we won't be able to get rid of the IRS just yet...