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To: FreedomCalls; pointsal

They want you to compile and file monthly tax returns! You think the IRS takes a lot of your time -- you ain't seen nothing until you look at what the NRST people want you to do.

Right, just like a state retail sale tax, requires every citizen in the country file sales tax returns LOL.

Sorry to disappoint you, only retailer vendors are required to file and remit the NRST to their state tax administrators right along with their state sales tax collections.

Nice try at demagoguery though.

And, you might want to use something other than a temporary hyperlink to the text of the legislation on the Thomas website though.

 

H.R.25

Fair Tax Act of 2005 (Introduced in House)
http://thomas.loc.gov/cgi-bin/query/z?c109:H.R.25:


TITLE I--REPEAL OF THE INCOME TAX, PAYROLL TAXES, AND ESTATE AND GIFT TAXES

  • Sec. 101. Income taxes repealed.
  • Sec. 102. Payroll taxes repealed.
  • Sec. 103. Estate and gift taxes repealed.
  • Sec. 104. Conforming amendments; effective date.

TITLE II--SALES TAX ENACTED

  • Sec. 201. Sales tax.
  • Sec. 202. Conforming and technical amendments.

TITLE III--OTHER MATTERS

  • Sec. 301. Phase-out of administration of repealed Federal taxes.
  • Sec. 302. Administration of other Federal taxes.
  • Sec. 303. Sales tax inclusive Social Security benefits indexation.

461 posted on 06/11/2005 9:29:12 AM PDT by ancient_geezer (Don't reform it, Replace it!!)
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To: ancient_geezer
Sorry to disappoint you, only retailer vendors are required to file and remit the NRST to their state tax administrators right along with their state sales tax collections.

My reply was to a small businessman. The question was about documentation for IRS compliance of a business. You are the one off the deep end on this seizing on every possible slight to put forward your snake oil. Why don't you just admit that business will need to submit documentation for the NRST? Why try to change the subject? It makes people think you are trying to pull a fast one.

529 posted on 06/11/2005 2:15:56 PM PDT by FreedomCalls (It's the "Statue of Liberty," not the "Statue of Security.")
[ Post Reply | Private Reply | To 461 | View Replies ]

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