You still have to report employee earnings, SS benefits require it. You still have to account for everything you bought and maintain records to ensure that what you bought was for a legitimate business purpose. I am a business owner too, and it with compueters doing payroll is no more difficult than what sales tax would be. Personally, I am in the home building busines, and there is no way in heck the building business is going to make it if we have to charge a 30% sales tax (which is what a 23% 'inclusive' rate really is). This bill will destroy the new home business.
Remember I'm in the business too.
"This bill will destroy the new home business."
Who was it who was saying that they hated the exaggerations? Oh, I forgot, you only hate the exaggerations of the FairTaxers.