From what I've read, it doesn't seen such a bargain for many small business-owners. Plus, the implementation would immensely complicate thousands of historically-generated comparative transactions pre-tax vs, post-tax. As an Architect, most financial-transactions and business decisions are based on tax-free numbers as most expenses and purchases involve either tax-free capital-improvement expenses or professional services; you pay tax on your profits or capital gains. And I have yet successfully followed the complicated gymnastics as they try to explain the "fairness" of shifting from capital gains on the sale-end of the transaction to a sales-tax on frontfron-end of the transaction without driving-up the purchase-price of real estate to the point where home-construction grinds to a halt. An home construction is a huge segment of the construction-sector of the domestic economy, and one of the few that can't be out-sourced or supplanted by "foreign competition".
The numbers that I ran would suggest that it would double the cost of doing business in a business environment where I would not be able to double my fees to compensate for all the taxes. Plus adding a tax-collection burden that currently doesnÂ’t exist for a professional services provider.
If they can not clearly and rationally explain the financial-transition from tax-shielding through improvementsovements and capitaaccrual accural to a front-loaded sales tax on the Middle-Class' largest investment and expense...their home...they can't "sell" the fair tax. So-far, I think they have failed.
