Dear Always Right,
"That's higher than mine."
I'm trying to be nice. I'm counting all my costs of meeting payroll as being associated with compliance with the current system, even though many of those costs would remain under the proposed system. I'd still be obligated to report wages to the IRS so that they could calculate what goes where for FICA and Medicare. I'd still have to comply with the states' revenooers, and I'd still have to comply for the purposes of workers' compensation and unemployment insurance.
But, hey, I'm in a generous mood, so I'm lumping all those compliance costs in.
Actually, under the new system, as I'd be forced to document every one of my transactions as either being to a final end-user (taxable) or to a business (non-taxable), my own compliance costs would go up.
sitetest
Every business isn't like yours.