Among the many ways the fairtax beings fairness to taxation is it introduces fair trade to free trade. Currently over 98% of everything that is imported into this country comes from a country that has a border adjustment in their tax code.
China reimburses their exporters up to 17% of the cost of their products to remove the cost of their VAT from their exports while charging the same 17% to imports. Mexico does the same with a 16% VAT, Canada with a 13% goods and service tax,…
Added by Keith Reynolds on December 30, 2011 at 10:07pm — No Comments
This is definately a group that the FairTax should contact and try to influence. We already know the FairTax is the answer not only for the American citizen, but for American business as well.
How do we best go about this? Your input is desired.
Added by Frank Gilbert on December 24, 2011 at 8:40am — No Comments
Heritage announces its new tax plan -- The New Flat Tax--Easy as One, Two, Three
Everybody has an opinion about trade with China, and here is mine: let’s trade ‘em Ben Bernanke for Fu Ying. Throw in a minor league pitcher if we have to – President Obama comes immediately to mind.
Fu Ying is China’s Vice Foreign Minister, who Friday announced that China would not use its foreign exchange reserves (i.e. dollars) to rescue other countries (i.e. Europe). She explained that “foreign reserves are akin to savings” and not to be squandered by governments.…Continue
Added by Tim Nerenz on December 11, 2011 at 10:18am — No Comments
I have an acquaintance that is a CPA. Although we get along very well, I really can’t call him a friend. The main reason is that I’m a gung-ho conservative who is dead set against the Federal Income Tax. Conversely, he is dead set against the FAIR TAX, a national consumption tax and totally infatuated with the IRS and income tax.
My idea of an ideal governmental situation is no income tax, no FAIR TAX and no flat tax. Collect taxes the same way that it was done prior to…Continue
Added by Daniel Johnston on December 10, 2011 at 4:13pm — No Comments