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To: Principled
What will be there is something different than you think. You are unable so far to understand that there are costs to the income tax system other than the tax themselves.

I understand the costs quite well. I pay for it every year. But what you don't understand is, no matter what the tax system is, I still need an accountant to account for all my expenses. I still need to know how much I make and to provide banks with financial statements. The cost of filling out forms 941, 1120S, 1040, 1099, W-4 really ain't that big of deal and really won't be much different under a Fair Tax. I still have monthly sales forms to submit and I still have payroll info I must send to Social Security Admin. What you save me amounts to squat. Really you tax system does not do crap as far as saving me money, and I really don't see how it is gonna save other businesses. To tell me I understand it, when it is really you who are ignorant about costs of compliance.

For example, I'd be willing to make and sell more of my product at its current profit... but by earning more, my marginal profit decreases to the point I choose not to make and sell them.

And you are a nut. That makes no sense.

712 posted on 05/19/2005 2:26:10 PM PDT by Always Right
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To: Always Right

It's good to know that your IT forms "ain't that big of a deal". They certainly are to a lot of businessmen who have to figure complex recapture/depreciation schedules, etc. along with the accountiosta involved with doing the payroll taxes and their forms. You probably aren't aware how much work is involved in doing those forms yourself since no doubt you don't do them.

Be that as it may, the costs of doing the required paper work under the FairTax are not only zero, but you are paid to do them. Does the government pay you to even purchase all of the requisite tax forms now ... let alone pay you to fill them out?

The payroll invormation required under the FairTax is required due to existing S/S laws and even THAT is greatly simplified compared to requirements now.


717 posted on 05/19/2005 2:36:28 PM PDT by pigdog
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To: Always Right
That makes no sense...to you.
738 posted on 05/19/2005 3:34:21 PM PDT by Principled
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