I am amazed at your ability to generate BS. You have a talent for it.
Nothing you say is based on research or fact, just blathering. You think people can’t see through your lies?
I mean more paperwork? Huh? Retailers already print receipts for every transaction. Receipt machines have an easy code access to add a sales tax. And you’re talking about some absurd comparison as payroll to transactions?
Ever try selling Used Cars? I think you’re a natural!
Ever try selling Used Cars? I think you’re a natural!
-
a booming business after the fair tax...
Employers' payroll systems calculate withholding rates automatically too. The Fair Tax doesn't remove companies requirements to report earnings, savings, capital and all those things to the SEC and shareholders. Once they do all the accounting that have to do anyway, conforming to the current income tax isn't a big step. There are definitely a lot of tax rules they work to follow to provide some tax benefits for research and depreciation of capital assets, but those aren't huge tasks by any means.
With a sales tax the added number of transactions doesn't really add a lot of work for retailers. But it makes it a lot harder for auditors to audit the system to make sure that the retailer is really collecting all the taxes, because there are far more transactions involved that just withholding income from each employee every two weeks.
The Fair Tax also adds to the problem of auditing by not taxing the sale of used items, so auditors have to make sure that the retailer isn't claiming that new goods it sells were purchased used and then resold, and there will be a big market for used goods since they avoid the 30% sales tax.