>>> this assumes I buy everything new(especially big ticket items-cars,boats,bikes) from a store rather than private owner. <<<
It will take the government about 2 minutes to figure this out if a lot of people do it and then the IRS won't be going away, which is one of the main savings inherent in a National Sales Tax.
">>> this assumes I buy everything new(especially big ticket items-cars,boats,bikes) from a store rather than private owner. <<<"
"It will take the government about 2 minutes to figure this out if a lot of people do it and then the IRS won't be going away, which is one of the main savings inherent in a National Sales Tax."
Figure what out? Used goods aren't taxed under the FairTax and there won't be an IRS. The IRS is an agency that exists to collect an income tax.
Eliminating the IRS (which has an annual budget of about $10 billion) is actually small potatos compared to the enormous savings in compliance costs in the private sector. The estimates for compliance costs of the current system vary widely, depending on how expansive a definition of compliance costs you want to use, but the low end of the range is $150 - 200 billion per year. Almost all of those costs could be eliminated.
Did it ever occur to you to study and read a little about a proposal before making up your mind and posting misinformation on the internet about it?