FairTax: Repatriating Offshore $USD

The challenge of U.S. dollars being held in offshore bank accounts in an effort to avoid paying taxes on capital gains and interest has grown significantly in the past few years. Some estimates say that money is as much as $15 trillion (based on past data plus annual growth estimates) and is growing by an estimated $860 billion per year[2], resulting in billions of dollars in lost tax revenue every year. [Read Full Article]