No paperwork there right? Filling out sales tax rebate forms for ten or fifteen states per month to get back the NRST? You've got to be kidding me.
It sounds like you guys need to iron out the details and then we can figure it out, ancient_geezer says that the tax won't be collected at point of purchase by showing a card, Ditto says I pay the tax, phil_will1 says I pay the tax then fill out a bunch of forms to each state to get my money back a month later.
SOunds like a nightmare. and a lot of compliance costs.
No paperwork there right?
If your a business, you file paperwork for re-imbusment of any sales tax collected from you same as is done in most state retail sales tax jurisdictions now.
The individual consumer has no such paperwork same as state retail sales taxes are administered today. The same entitites dealing with retail sales taxes today under states will be doing so under state administrators for the FairTax federal retail sale tax.
Filling out sales tax rebate forms for ten or fifteen states per month to get back the NRST?
You are actually only required to submit your paperwork with your own state administrator for credit of the "federal" retail sales tax. The justification of accounting for tax credits among states occures at the federal level when the states pass collections onto the U.S. Treasury.
SOunds like a nightmare. and a lot of compliance costs.
Where are they more than with state retail sales taxes, on top of federal income taxes, on top of employers SS/Medicare taxes? Removing the income and payroll taxes from 115million tax return filers today and reducing that to business sales tax filers dealing with their own state only for federal credits on business tax purchases made looks to me to provide a better than 90% improvement of conditions that exist under the current federal tax system.