It's good to know that your IT forms "ain't that big of a deal". They certainly are to a lot of businessmen who have to figure complex recapture/depreciation schedules, etc. along with the accountiosta involved with doing the payroll taxes and their forms. You probably aren't aware how much work is involved in doing those forms yourself since no doubt you don't do them.
Be that as it may, the costs of doing the required paper work under the FairTax are not only zero, but you are paid to do them. Does the government pay you to even purchase all of the requisite tax forms now ... let alone pay you to fill them out?
The payroll invormation required under the FairTax is required due to existing S/S laws and even THAT is greatly simplified compared to requirements now.
I figured out complicated recaptures and depreciation for years before I incorporated all by myself. It ain't all that tricky, and with computers, it's just a matter of plugging in the numbers. I deprecreated rental properties, office equipment, and all sorts of things. Besides, with the increase in section 179, you can easily write off most of your expenses without worrying about depreciating it.
The only way the government pays me is by charging a higher tax. That money has to come from somewhere and the money comes from taxes on my gross sales.
The only difference is I will not have to account for withholdings, not a big deal since those are spit out by the computer. It is not 'greatly' simplified.