Yes, I get that.
But too much of the employment in our country’s economy depends on the federal income tax.
I’m a huge fan of the fair tax. Yes, the one mentioned in the first video. And I hope the solution we come up with after the collapse of the U.S. government is similar to that one, assuming we have the freedom to even do anything at all.
I've talked to dozens of accountants in the 30 years I've been involved in this struggle and virtually all of them resent having to be paper shufflers for the IRS. They would much prefer to assist their clients in cost control and more efficiencies in their businesses so as to become more competitive in the marketplace.
And, speaking of INEFFICIENCIES, SEE BELOW.
These are 1994 numbers. They are even worse today.
As of 1994, we — YOU AND I — wasted an ANNUAL 10.2 BILLION MANHOURS – more than we devoted to producing every car, truck and van in this country -- shuffling paper for the IRS and complying with income tax regulations. That 10.2 billion man hour figure was just revised upward by James L. Payne, Director of Lytton Research and Analysis. THE FAIR TAX WILL ELIMINATE VIRTUALLY ALL OF THAT WASTED MANPOWER.
As of 1994, we — YOU AND I — annually wasted over $600 BILLION in scarce financial resources complying with an incomprehensible, mind‑numbing and Byzantine income tax code, making the tax system THE MOST EXPENSIVE GOVERNMENT “PROGRAM” of all—THE ULTIMATE “UNFUNDED MANDATE”! THE FAIR TAX WILL ELIMINATE VIRTUALLY ALL OF THAT WASTE AS WELL.
Imagine what those resources could do for the U.S. economy if they were turned loose for real, productive activities?
And for those who argue that the FAIR TAX would require an IRS bigger and badder than is now the case (as difficult as that is to imagine!) to collect the FAIR TAX, their argument is BOGUS! 45 states already collect state sales taxes: It would be a relatively simple matter to have the states collect the FAIR TAX as well. The added burden on businesses to collect the FAIR TAX? An extra line on the current state form or ‑‑ as is more likely the case in today’s computerized world ‑‑ a minor software change! Businesses and the states would be compensated for their collection/reporting activities. States not having their own sales tax divisions would have the option of contracting with a neighboring sales tax state to handle collection/reporting functions or the feds would handle the process—admittedly, given recent history with the IRS, the least desirable alternative.
Under the FAIR TAX, the present IRS would be disbanded and a new, much smaller FAIR TAX collection office would be established directly under the Secretary of Treasury. Since this new agency will NOT have to deal with 100 million individual taxpayers and 20 million businesses but only with the 45 to 50 state collection agencies, the entire federal end could be run by a few hundred folks. It might take perhaps 200 field agents (4 per state) to work with the state revenue offices to be certain they aren’t cooking the books or playing games with the fed’s piece of the action + additional for those non‑sales tax states foolhardy enough to allow the feds to have their way with their businessmen. Perhaps another 100 more in the main office to run the computers and post deposits, make coffee, run out for the donuts, etc.