Actually, we coulb probably use a lot more border patrolmen ... maybe that's be gainful employment for a few.
That aside, though, under the FairTax, the IRS is eliminated and defunded and the income tax records are required to be destroyed.
No provision in the FairTax bill for what you say about being "accused" of not paying the sales tax. If that's your concern, then all you need do is to retain a legally-required receipt.
If that's your concern, then all you need do is to retain a legally-required receipt.So pigdog, a spokesman for the Fairtax, recommends individuals retain their legally required receipt in case of random audits on individuals by the Federal Sales Tax Bureau.
"No provision in the FairTax bill for what you say about being "accused" of not paying the sales tax. If that's your concern, then all you need do is to retain a legally-required receipt."
Only one concern and probably not the largest. I don't normally keep receipts and the thought of having to keep them all is not pleasing.
I guess my real concern is that if the NRST is such a profound reshaping of the tax process, how can we be certain of knowing how it will actually affect the economy? It will send a tremendous shock throughout the economic system.
I know all the NRST advocates are absolutely convinced that all the changes will be beneficial. I'm a little bit more cautious about tinkering with any thing as complex as our economic system. And, my friend, a wholesale changing of the tax process, is really a bit more than casual tinkering.
Take this one example. Probably one of the most crucial thing a business does is price it's product. The current tax code drives a lot of the pricing process. If you eliminate this code, even if it turns out to be a good thing in the long run, that elimination will require a profound restructuring of the pricing process. Quite simply, businesses will face a tremendous uncertainty in how to price their product. Mistakes in this matter can be the end of a business. It's one thing to say that businesses will learn to adapt to the new system. Of course they will, the market will force that, but there will be a period of uncertainty, mistakes will be made, and not all will be well.