Unless you are losing money on your business now, I'd say the Fair Tax would be absolutly GREAT for you. Think of it. You will pay 23% on your expenses, but avoid the 15%+ in self-employment taxes (SS & Medicare) while also ending income taxes that are taking about 30% of your net revenue. I'd guess you would come out 25-30% ahead of where you are now. You would also likely be collecting a fee (1/2% ???) on the taxable sales you make. Pigdog probably could give you more information.
Not according to HR25, I won't. I'd say the Fair Tax would be absolutly GREAT for you
From what I've seen, it would be absolutely GREAT for everyone, that's what scares me.
"You will pay 23% on your expenses..."
Which expenses are you referring to? If you meant business expenses, then that is wrong. If you meant personal consumption, then you are right.