Abracadabra Founding Member
Posts : 1325 Join date : 2010-05-13 Age : 81
| Subject: JOBS....INCOME TAX-VS-FAIR TAX Wed 14 Jul 2010, 8:26 am | |
| The income tax exports our jobs, rather than our products. The FairTax brings jobs home. Most importantly, the FairTax does not burden U.S. exports the way the current income tax system does. The FairTax removes the cost of corporate taxes and compliance costs from the cost of U.S. exports, putting U.S. exports on a level playing field with foreign competitors. Lower prices sharply increase demand for U.S. exports, thereby increasing job creation in U.S. manufacturing sectors. At home, imports are subject to the same FairTax rate as domestically produced goods. Not only does the FairTax put U.S. products sold here on the same tax footing as foreign imports, but the dramatic lowering of compliance costs in comparison to other countries’ value-added taxes also gives U.S. products a definitive pricing advantage which foreign tax systems cannot match. http://www.fairtax.org/site/PageServer?pagename=about_basics_thumbnail |
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