So your current tax rate is what? 15% for FICA plus income taxes. Which will both be eliminated. So for the same $600, after forwarding on the NRST, you end up with about the same amount of money if not more at the end of the day.
Nope, my CPA has it structured so I pay a lot less than that. And he’s a conservative CPA, meaning his recommendations are much more safe than risky, so there are no shenanigans going on.
So for the same $600, after forwarding on the NRST, you end up with about the same amount of money if not more at the end of the day.Minus another 23%.
After the Fairtax SBG would collect $780 to net $600 then pay 23% of that when s/he spends it.
The total percentage of his/her gross income to the Fairtax would be about 41%.
If his/her service was worth 30% more, don't you think s/he would be charging that now?