Re: [tips_and_tricks] fairtax bill?
The only thing good about the "fairtax" plan is the ability to control where you may pay your 23%. That is it..and that is not much.
The rest is a horror story.
gary wrote:The so called "Fair Tax" is a nightmare we would have a very difficult time waking up from. It all sounds very good on the surface but if you dig into it, it gets ugly.It say the mean old IRS will be eliminated. Who do you think is going to make sure all those merchants are collecting the 23%, filing the required forms and paying the money? Who is going to be checking on the people claiming their exemptions so they can get their monthly rebate? Who is going to make sure employers are properly reporting how much you make? Just maybe those functions would be handled by the former IRS, no doubt in the same manner that they now collect income tax.