HOW WILL THE FAIRTAX IMPACT INCOME TAX PREPARERS, ACCOUNTANTS, AND MANY GOVERNMENT EMPLOYEES?
There will, of course, still be some people who are involved in tax return preparation and tax administration under the FairTax, but many fewer than those involved with the income tax today. Most income tax preparers, tax lawyers, and Internal Revenue Service employees will have to find other, more productive work. We have nothing to show for the $225 billion that we spend each year measuring, tracking, sheltering, documenting, and filing our annual income. Surely these valuable labor and capital resources can be employed more productively.
