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To: n-tres-ted
What is the estimated tax dollar savings by shutting down the bureaucracy of the IRS?

What savings, other than taxes, like payroll and services fees (CPA, Enrolled Agent) will business realize with the dismantling of the IRS?
161 posted on 08/27/2004 10:31:51 AM PDT by CyberCowboy777 (Veritas vos liberabit)
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To: CyberCowboy777

For starters, the consensus to my knowledge of economic analysts is that the average small business spends $700 in compliance costs for every $100 of federal income tax paid(Tax Foundation says $724 per $100: http://www.fairtax.org/pdfs/small%20businesses.pdf
Direct enforcement costs saved would be over 90%, and with direct compliance costs would total several hundred billion dollars per year. Compliance costs alone were estimated ten years ago as between $225 and $300 billion per year.
http://www.fairtax.org/pdfs/currentsystem.pdf
As you can see, pretty soon we're talking about real money.:>)


229 posted on 08/27/2004 12:49:25 PM PDT by n-tres-ted (Remember November!)
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