lots of gobledygook. Seems like you only need to mark up the 'new' good 30% above the leased good or so. when the 23% tax is added back, then all goods would leased.
I am for excise and sales tax and hate the income tax, but leased good problem and thy neighbor as tax collectors are real issues.
lots of gobledygook.
It's called legalese. It's the lexicon of lawmakers. It does account for leased property when it is sold.
but leased good problem
It's not a problem. Leased property that is sold is taxed at fair market value of the property and tax is prorated according to how much tax was paid on the principle of the leased property.
thy neighbor as tax collectors are real issues.
Not sure what you mean by that. Eighty percent of retail sales are made by the large national stores, Eg., Wal-Mart, Target, Microsoft, McDonalds... They will collect 80% of the tax and remit it to the states.
Under the income tax the IRS has to keep track of 160 million tax payers. Under the FairTax there's about 25 million businesses to keep track of/ And most of those businesses already remit sales tax to their respective states.