[Your Nightmare]

Once again you mislead by claiming only the tax itself and not accounting for the business costs in dealing with it.

There would be business costs with the FairTax, too. But I guess you'll ignore those. Everything is beautiful with the FairTax.

Anyway, with the VAT there would be no depreciation or foreign sourced income (the two biggest compliance burdens) so the compliance costs would be much, much less than the income tax. Pay the businesses 0.5% (~$13 billion) for their efforts, that's what you are paying for FairTax collection.

[ancient_geezer]

There would be business costs with the FairTax, too. But I guess you'll ignore those.

Not at all, as I stated before those costs are less than a tenth of those associated with any general business tax whatever its flavor. In fact the business is compensated to collect and remit HR25's retail tax by the legislation.

Remember a retail sales tax is based on the total of retail sales revenue to a company, a quantity tracked in nomal accounting practice as a consequence of good practice. The only cost imposed as a consquence of the NRST is that necessary to collect a retail tax from a customer and remitting it in parallel with state retail taxes. It does not impact anything other than retail level and minimally at that as the NRST compensates the business for collecting and remitting the tax to the states. All together the retail sales tax imposes the least burden on the economy of all taxes.