Actually I wish you could get your numbers straight. First they say $300 billion, which is already on the high side, then they go to this ridiculous 20% number, which is a magnitude higher than the 300 billion number. On top of that you won't even be saving that 300 billion because there will be similar compliance costs with the sales tax regardless of what the nutty professors say. The NRST/Fari Tax hype is based mostly on fraudlant analysis.
My $300 billion is cost of compliance.. not income tax. Its the H&R Blocks and the Corp tax attorneys.. trying NOT to pay taxes. Its the decisions we make to avoid taxes, too.
Oh.. well I guess I'll go with PhDs and LLMs in taxation over an internet message from someone who... doesn't even HAVE an analysis....
If you would like to put forth an analysis, then you could make some headway... but to simply call experts wrong because you... well, why do you think they're wrong?! Do you HAVE anything indicating an error - or just your li'l ole opinion?
Again, the Fair Tax organization along with economists and economic departments of universities have done analysis. Where is your analysis?
As a business owner, I side with the 'nutty professors'. I don't have to hire an accountant to figure the amount of sales tax owed on the products I sell. It is a very simple form and I can complete and comply with about 30 minutes of work per month. On the other hand the amount of paperwork and time necessary to comply with Federal regulations related to payroll are amazing and they don't even come close to what is involved in Federal filing at the end of each fiscal year.