Replace All Federal Taxes on Income with the Fair Tax Act , HR 25
robert smith's Page
Profile Information
- Name or Internet Handle
- robert smith
- City, Town or County
- addison
- State / U.S. Territory
- IL
- Zip Code
- 60101
- U.S. Congressional District Number
- peter roskam
Robert smith's Blog
Fair Tax Implementation - Transition
Posted on February 28, 2013 at 11:43am 0 Comments 0 Likes
Can anyone point me to postings focused on implementing the Fair tax? It seems to me there are numerous logistical issues. For instance:
1. The federal sales tax is collected at the point of sale, the tax collected is forwarded to the state for subsequent transfer to the treasury, is that correct? If so what about states that currently have no sales tax collection procedures? How long and at what cost will it take for these states to design and implement the required software?…
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