Fair Tax Nation

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

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) = (…

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 be used more productively, providing better and less costly products and services for consumers, both domestic and abroad. Less costly and better products means more consumers of American made goods, resulting in more jobs.

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