Fair Tax Nation

Replace All Federal Taxes on Income with the Fair Tax Act , HR 25

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, Venezuela with a 12% VAT. As other countries remove taxes from their exports we leave the cost of taxes in our exports. Is it any wonder that we are left with a trade deficit exporting our nations wealth a net 600+ billion annually.

 

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