Apparently the bill's language means, spending for consumption by a non-profit-institution must be taxed. And you are correct that all the internal consumption of even a not-for-profit organization must be taxed under the FairTax implementation of a retail sales tax. Once tax all taxable property and services once but only once as you have pointed out and as explictly stated in the principles of interpretation of the legislation.Thanks for being big enough to admit it. Now let's see if your cohort are that big.
Thanks for being big enough to admit it. Now let's see if your cohort are that big.
The facts of the intent to tax not-for-profit consumption lays in the treatment of the tax rate calculation by AFFT's research folks in http://www.fairtaxvolunteer.org/smart/tax_system.html, and is consistent with the similar treatment of government consumption to assure all consumption is taxed once but only once.