[Turbopilot]

You're right, that's yet another good point - small business owners can pay taxes after they've been collected, rather than having to estimate and pay taxes on money that hasn't even been earned yet.

Actually, as I understand it, my business wouldn't have to collect the FairTax since we sell capital equipment to companies. But if we did, I'd still agree with you 100% - adding tax to the price and paying it after it's collected seems almost utopian compared to building taxes into the price and owing taxes before one even gets the income.

[lewislynn]

You're right, that's yet another good point - small business owners can pay taxes after they've been collected, rather than having to estimate and pay taxes on money that hasn't even been earned yet.

I agree about the estimated taxes but if collecting more money for taxes is that easy what's stopping you from doing that now?

Actually, as I understand it, my business wouldn't have to collect the FairTax since we sell capital equipment to companies.

You're right, you wouldn't have to. But since you're business savvy (I'm not being sarcastic) and knowing your take home pay would be taxes yet to be paid when you spend it, could you lower your prices (gross income) 23% as the Fairtax suggests?

[Your Nightmare]

Did you realize that you would have to pay the FairTax on anything you bought from a non-wholesaler (e.g., office supplies, utilities, travel, etc.) and then file a monthly request for a refund of the tax you paid but didn’t owe?