[savedbygrace]

The Fairtax would put a 30% tax on my labor. As a small businessman, I earn $600/day for training my clients. If the FT somehow got passed, I’d have to charge about $780/day, and send about $180/day to the feds, leaving me the same $600.

You think I’m going to reduce my day rate by 30%? If I do, I’m not getting any benefit from the FT, if I don’t, my clients are suddenly paying 30% more.

So explain how the FT is a good thing for me.

[groanup]

leaving me the same $600.

Which you don't have to pay ANY income tax on. And, if by choice, you make no purchases over and above the prebate percentage you'll NEVER pay any taxes on that money.

[lucysmom]

You think I’m going to reduce my day rate by 30%? If I do, I’m not getting any benefit from the FT, if I don’t, my clients are suddenly paying 30% more.

You will be free of those burdensome compliance costs. Nor will you have to fear the IRS agent under your bed.

[Phantom Lord]

For this post, I assume your $600 fee is on a contract basis and you get a 1099.

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.