Nope, talk to them.
Businesses will still use bookkeepers and accountants and I'm telling you why.
So there will be no change in business compliance costs. Point to me.
Nice try to twist my words. There are benefit programs that exist solely for the purpose of allowing employees to do stuff with "pre-tax" dollars: 401k, flexible spending accounts, certain transportation plans. Without income taxes, there would be no need for these programs or their administrative costs.
Buy a clue, buddy. Benefits (and their costs) are here to stay in salaries and union contracts, NRST or no NRST.
Result: No change in compliance costs or prices. Another point to me.
Same way that tax-free bonds have lower yields. When the investor does not need to recoup additional money to make a target amount after taxes, the rate of return can drop down to the target after-tax rate.
A magical 1% (or 5%) change in business interest rates will not change business costs or product prices for 95% of businesses because they don't finance their inventories like public companies do.
So, no change in compliance costs or prices. Another point to me.
You haven't knocked down a thing.
I guess you weren't keeping score. But that's okay, just keep your chin up. That way the drool won't drip onto your shirt.
Strange? who are you?
LOL, effort now put in by these staffs will be applied to areas more productive than tax accounting or staffs reduced by the factor of how much goes to tax accounting as opposed to business accounting.
American General Contractor's Association
http://www.agc.org/Legislative_Info/Members_Testify/testimony_04-10-00.asp
Multiple points to kevkrom.
As far as complaince costs goes, see AG's links. No points to you for making unfounded assertions.
Buy a clue, buddy. Benefits (and their costs) are here to stay in salaries and union contracts, NRST or no NRST. Result: No change in compliance costs or prices. Another point to me.
You're claiming that companies will maintain benefit programs that have no purpose simply out of inertia? Without income taxes, no one needs a 401k -- people can invest on their own. Without income taxes, no one needs a flexible spending account -- why apply for reimbursements when the money is already pre-tax? I'm not saying all benefits go away. I am saying that some become obsolete, and thus will be eliminated. No points to you for making no sense.
A magical 1% (or 5%) change in business interest rates will not change business costs or product prices for 95% of businesses because they don't finance their inventories like public companies do. So, no change in compliance costs or prices. Another point to me.
We're talking about a 25% drop in interest rates (again, I invite you to compare the yield on tax-free vs. regular bonds). While this by itself may be a small factor, I'm pointing out that a collection of small factors turn into larger factors. No points to you for arguing each piece of this as if it were the sole reason behind the numbers.
But that's okay, just keep your chin up. That way the drool won't drip onto your shirt.
The final refuge of someone who can't win on the merits: the personal insult.