tag:blogger.com,1999:blog-2426774631968578262.post4744835958736647932..comments2023-11-05T01:50:40.255-08:00Comments on FairTax Blog: IMPACT OF THE FAIRTAX ON SMALL BUSINESS - 2Bobbiehttp://www.blogger.com/profile/17748056511616357923noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2426774631968578262.post-34629565652134551112007-09-17T22:25:00.000-07:002007-09-17T22:25:00.000-07:00You are right, Mr. Anonymous. I did not cover the...You are right, Mr. Anonymous. I did not cover the compliance rules - just the fact there will be no compliance costs. Businesses won't have to use an accountant to fill out these reports, but I should have mentioned them anyway. Thank you for your input.<BR/>By the way, just for the record, where is Fort Walton Beach? Who knows - I may be interested..........BobbieBobbiehttps://www.blogger.com/profile/17748056511616357923noreply@blogger.comtag:blogger.com,1999:blog-2426774631968578262.post-91263737596659610862007-09-17T20:50:00.000-07:002007-09-17T20:50:00.000-07:00Under the FairTax, small business has a zero tax r...Under the FairTax, small business has a zero tax rate and zero compliance costs. The only thing they have to keep track of is how much did they sell to consumers.<BR/><BR/>You are mistaken.<BR/><BR/>Businesses must still report how much they pay each employee by SSN.<BR/><BR/>Businesses must still keep certificates of exemption for each business to which they sell goods or services.<BR/><BR/>And if you think state and local governments are immediately going to conform to federal rules, I have some lovely beach front property about 50 miles south of Fort Walton Beach than I'm willing to sell you.Anonymousnoreply@blogger.com