One of the major reasons for tax reform is to simply the tax code and lessen the regulatory expenses it imposes to a more productive economy.
(cost of tax preparation)/(taxes revenues collected) = (efficiency of tax collecting). $350 billion to prepare taxes / $2,528 billion in “2008 federal receipts” = 13.845% inefficient
The fairtax has a low cost of collection. At about 90% less costly the Fairtax would only be about 1.4% inefficient leaving more money in the economy to… Continue