Good point, would you still need the IRS to administrate 'Fairtax'? (I'd think it could be downsized quite a bit)
would you still need the IRS to administrate 'Fairtax'? (I'd think it could be downsized quite a bit)
The number of filers in a retail sales tax is less than 10% of the income/payroll tax. retail businesses are the only entities required to collected and remit such taxes.
The accounting required is that minimum that a business what have to track and maintain records of in any case, gross sales receipts.
In general, the FairTax Act, HR25, turns to the state tax authorities to administer the tax in parallel with state sales taxes, thus doing away with the IRS at the federal level.