I think it has been established the employees will pocket most if not all of the payroll taxes. Prices will not fall enough to offset a 30% tax unless some act of law requires employees to take a pay cut.
"I think it has been established the employees will pocket most if not all of the payroll taxes."
News to me.
In the first place, prices are not set by employees. Remember what Reagan said
"Our system freed the individual genius of man. We allocate resources not by goverment decision but by the millions of decisions customers make when they go into the market place. If something seems too high-priced, we buy something else. So resources are steered toward those things people want most at the price they are willing to pay."
This is a rule of the free market not to be overruled by your supposed logic.
Compliance with the current system costs me approximately $300 each year. Overall, it is millions of man hours wasted and too many loop holes to imagine. Compliance is in the hundreds of millions cost to the economy. All of this will be gone with NRST.
The only thing established is whom the CPA/Tax Attorney/IRS nut-huggers are and aren't...