Really?
Principled wrote:
An individual’s full tax burden is collected from purchases under the nrst. Income and its reporting are irrelevant.
So, let me ask you this. Let's pretend again that the FairTax is law of the land. I'm a merchant (and not a supporter of the FairTax). I pay the FairTax on all my groceries, my gas, everything I buy.
However, becuase I don't agree with the FairTax, I don't collect it on things I sell in my store. I don't report my sales every month or remit any FairTax on my sales. I seem to get a lot of business now, because my prices are lower than my competitors who collect the FairTax.
Is it your position that I'm still paying my full share?
Still the shiny objects? Really?
Taxes are paid by individuals, not business.
Whether the retailer collects and remits under the nrst is not relevant to your previously stated position that failing to pay income tax does not affect revenues. Failing to pay income tax does affect revenues - by reducing it. Have a half million people do it and it affects it that much more.
If those half million people paid their full share, that would indeed affect revenues. C'mon. How about some super-duper shiny object, lots of cool html, and some more unrelated crap now?