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To: rwfromkansas
There is a dispute on this thread about the compliance costs. What are they in reality?

Under the NRST, accountants and bookkeepers will still do everything they do now. They will still track all costs, accounts payable, accounts receivable, payroll, overhead, net profits, and fill out a few tax forms here and there.

In particular, they will still track and report wages to the SSA. They will not fill out federal (wage) tax forms once per month (or quarter) but instead they will fill out sales tax forms once (or more) per month.

You tell me, where are the compliance savings here?

123 posted on 03/07/2005 10:33:55 AM PST by balrog666 (A myth by any other name is still inane.)
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To: balrog666
In particular, they will still track and report wages to the SSA.

With the fair tax the SS and medicare/medicaid taxes are eliminated.

143 posted on 03/07/2005 4:41:52 PM PST by Phantom Lord (Advantages are taken, not handed out)
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To: balrog666
In particular, they will still track and report wages to the SSA. They will not fill out federal (wage) tax forms once per month

Actually wages must still be reported so that SS benefits can be figured.

169 posted on 03/08/2005 11:04:44 AM PST by Always Right
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