eastsider asked: "How is corporate sales tax assessed?"
You replied: You've got me........and I hadn't even thought about that when I mentioned a farmer.
There is no tax on business. The tax will only be on goods and services at retail.
Gabz, the bill that we are referring to is HR 25 (and S 25) -- The FairTax. The total bill is about 130 pages. Compare that to the tax code today of about 50,000 pages. There have been other sales tax plans, but none compare to the FairTax in fairness, simplicity, visibility, and Constitutionality. The website www.fairtax.org has a great FAQ section that dispels all of the uncertainty and confusion that the author of this piece has stirred. I am of the opinion that the author is not an uninformed idiot but rather, a deliberate liar trying to stir uncertainty and confusion.
The more I'm reading, the more I'm liking..........