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To: ancient_geezer

I would like to see some language to protect retailers from the costs of collecting the taxes. Since so many sales are electronic these days, I really don't feel highly inclined to pay the fees on the portions that are going to the government.. My state already sticks me with that, and I'm sick of it.


21 posted on 04/18/2005 11:53:16 AM PDT by kingu (What is union scale wage for staging a protest anyway?)
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To: kingu

I would like to see some language to protect retailers from the costs of collecting the taxes.

 

H.R.25

Fair Tax Act of 2005 (Introduced in House)
http://thomas.loc.gov/cgi-bin/query/z?c109:H.R.25:


 

`SEC. 204. ADMINISTRATION CREDIT.

`(a) In General- Every person filing a timely monthly report (with regard to extensions) in compliance with section 501 shall be entitled to a taxpayer administrative credit equal to the greater of--

`(1) $200, or

`(2) one-quarter of 1 percent of the tax remitted.

`(b) Limitation- The credit allowed under this section shall not exceed 20 percent of the tax due to be remitted prior to the application of any credit or credits permitted by section 201.


24 posted on 04/18/2005 12:56:38 PM PDT by ancient_geezer (Don't reform it, Replace it!!)
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