All Blog Posts Tagged 'revenue' (2)

An important thing to remember is that the fairtax replaces the income tax.

In order to understand why the fairtax taxes government consumption, we need to first understand how government collects taxes from government's spending under present income taxes. To simplify the discussion, imagine a group of people on an island. Every year, each chips in 22% of his income to pay for things important to the group.

One year the…

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Ever since barrack Obama Clinched the presidency Investors and corporate investers have invested billions more dollars into foreign banks and offsore accounts due to the rising fear of higher taxes and increased banking regulations. Heres the Kickoff-The USA Today reported that in order to try and lure americans to disclose hidden assets, the IRS announced a six month program that offers lower penalties. This could lure investors to return some assets to American banks, but we have already… Continue