The salient points are the description of the two lines really required - gross payment and tax collected.You are delusional if you think the monthly sales tax filings are going to be two lines. That's just silly.
You are delusional if you think the monthly sales tax filings are going to be two lines.It's no problem.
Line one: How much is your gross for the week/month?_________
Line two: Remit 23% of it....NOW!
They make all attempts to appeal to the lowest non-thinking denominator for their strength. Anyone capable of coming to logical conclusions is their enemy.
Sorry Nightie, you're the one with the silly ideas. The report is clearly called out in the bill and I'll certainly let readers figure out what the requirement might be.
It will certainly be dramatically less that most state sales tax reports at present and insignificantly so in comparison to finling under the present income/payroll tax system.
Also your spin on Linder's testimony leaves out the fact that he ALSO said:
"So they would not be taxed and we would not ask the Home Depot to make the decision whether or not to raise the tax from them. Any business-to-business transfer will not be taxed at all."
This last part of the statement indicates that there will be no tax charged and not that tax will be charged and then rebated by tax credit. That conforms to the registration certificate method and the earlier part applies to the business conversion credit. And since that is how many stores operate now, I would expect that to be the normal method. It makes little sense to do the VAT-like invoice credit operation and also makes auditing more difficult.
The registration certificate does not require the seller to make any decisions relating to taxable or not - he is covered by the bill - and clearly so.
You can think however you like ... and we all know how that will be; as deleterious as possible to the FairTax.