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09-29-2015, 12:30 AM #8
Yeah, I know, I've read it several times. It's just another tweek of the income tax code. There will still be 77,000 pages of code no one understands, everyone will still have to file tax returns and in many cases if not most cases hire an accountant or tax preparation company to file, everyone will still have to report all their personal and business income and private financial affairs to strangers in the IRS, it won't bring our companies back home, the income tax is the primary reason they left, it won't bring investment back, why bring it home to pay income tax when you don't have to where you are even though you may have to pay 10%, that's still better than 15% and that may not even be legal if the income doesn't come into the country, it won't help fix the free trade treason problem, it won't help fix the illegal alien problem (most of them will owe no tax), it will create some jobs at home because all the rates are low which stimulates the economy, so there will be more profit to reinvest here, and it will help the economy and create a lot of new jobs.
So, it's not all bad, it has some good features, it's just not the cure-all of all the problems with the income tax code including the major issue of compliance, that the FairTax Plan is, so I'm very disappointed.Last edited by Judy; 09-29-2015 at 12:51 AM.
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