To: palmer
I understand your concerns - I have them, too. I would not want the feds coming to audit my business all the time because they think I should be turning in more sales tax revenue. My sales figures can vary widely from month to month and I would hate for something as simple as a drop in sales to automatically flag me for an audit.
But - I really, really, really HATE the income tax and the payroll tax. The burden those taxes and the paperwork generated by them places on my business (and of course all of us personally)is awful. I wonder if this system could be any worse. Unless it involves constant accounting of my inventory, probably not.
525 posted on
11/06/2002 7:49:05 PM PST by
Route66
To: Route66
The level of accounting for the NRST would be the same as state sales taxes now. In fact the NRST plans before congress propose the the state tax authorities be used to administer NRST in parallel with their own sales taxes.
To: Route66
I agree with your concerns about the income tax. I was thinking about my current employment which is easy for me and fairly unobtrusive. But at one point I had my own consulting company and the paper work was terrible.
531 posted on
11/06/2002 8:00:36 PM PST by
palmer
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