[ancient_geezer]

AG, can you post the graph of the number of pages in the tax system? That will dramatically illustrate the "progress" we have made with our tax system over the past 50 years.

Here is the most uptodate which is based on a page count of CCH's Standard Federal Tax Reporter over time.

[Gvl_M3]

You have a pretty good understanding of the Fair Tax. I've asked some questions about depreciation, but no one as addressed the specific question, which I don't think I'm expressing very well.

Here goes:
The large corporation that I work for has 30 plants in the U.S. At my plant, we have to write off 1/7th of our capital budget each year for depreciation. This is roughly $1,000,000. Lets assume it is the same at the other plants.

Under the FairTax, would this $30,000,000 fall under our income, expense, or where? Is this some of the hidden burden of the current income tax?

From reading the Fair Tax book, I understand that there are burdens of the current system that are not direct tax dollars, but more the cost of complying with the current system. I'm just trying to figure out where these costs are located.