Replace All Federal Taxes on Income with the Fair Tax Act , HR 25
Keith Reynolds's Blog – December 2011 Archive (1)
Fairness in the fairtax
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
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