Forgot to mention that the "fair tax" sounds a helluva lot more complicated than a 1040 to me!
Forgot to mention that the "fair tax" sounds a helluva lot more complicated than a 1040 to me!
Hmmm, never paid a retail sales tax?
Individual tax return under the NRST Fair Tax:
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"Forgot to mention that the "fair tax" sounds a helluva lot more complicated than a 1040 to me!"
According to Commerce Clearing House, the current tax system is 60,000+ pages long. That was before the recently enacted corporate tax bill which will add several hundred more pages to the IRC and no telling how many pages to IRS regs and Treasury Dept. Rulings.
The FairTax bill is a little over 100 pages long. Even if congress quadruples that before passing it, that is still an enormous simplification. The flat tax, of course, doesn't come anywhere near that level of simplification and, of course, we know from history that it won't stay flat or simpler for long.