[robertpaulsen]

First time I've seen these numbers.

140 million = # of individuals plus businesses? 20 million = # of large business retail outlets plus small corporations (one storefront) plus Subchapter S one-man businesses?

You realize that the Subchapter S businesses will grow dramatically?

[phil_will1]

"You realize that the Subchapter S businesses will grow dramatically?"

Subchapter S is named after the section of the Internal Revenue Code that establishes them. When the Internal Revenue Code is repealed, there won't be any such thing as a Subchapter S corporation.

[Badray]

140 million = # of individuals plus businesses? 20 million = # of large business retail outlets plus small corporations (one storefront) plus Subchapter S one-man businesses?

Not all business will be subject to the FairTax as they deal strictly with business which are tax exempt. They will have their card to cover their purchases, but will not be collecting taxes.

You realize that the Subchapter S businesses will grow dramatically?"

How? There will be NO "S" corps because the IRS and the code that created "S" corps will be gone.