Which is total crap, unless he remits sales tax on his gross receipts which he will not. Unless the sales tax captures this part of the economy the arguement is false.
That's not what ws said, Rongie. It was "... thru purchases for retail consumption ...".
Nothing was said about his illegal income. You SQL guys are always trying to dredge up illegal income to say "... see, see. it doesn't capture his illegal income ...". No one (EXCEPT YOUSE GUYS) ever said it did. Illegal income by definition isn't taxed directly under any tax system. In fact, that's why they call it illegal income.
The FairTax does capture tax revenue from the illegal income when it is spent for retail consumption on taxable items.
AW: Which is total crap, unless he remits sales tax on his gross receipts which he will not.
No, one pays his tax burden at purchase for retail consumption, not when he sells something. If your incorrect statement were true, only business would pay tax- none do so - they collect tax from the buyer - it is the buyer who pays the tax, just like today.
This is really simple. The nrst will collect an drug dealer's full tax burden, our income tax doesn't. The nrst will collect the maximum marginal rate form illegals, our income tax doesn't.
Although this is only a tiny issue - that the nrst does a better job collecting taxes from the drug dealer. The big ideas are eliminating withholding, making everyone pay the same rate - increasing resistance to taxes, and making the taxes visible so that every single voter and consumer feels the pain of the gov't daily by pulling $10s and $20s out of his pocket every day to pay tax.