xraydid 
Member since Dec 30, 2010


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Re: “Raising taxes the unfairest way possible benefits the wrong people

@Factoryconnection. You seem to be confusing the Fairtax with the flat tax. They are not the same thing. H.R 25 (Fairtax) is a bill in Congress and actually has a chance of becoming law in 2011. It reduces taxes for the poor, eliminates the IRS which also eliminates compliance costs to you and your business. On top of that, your business will be given a small percentage to compensate you for collecting the tax. It will stimulate the economy by bringing home off shore bank accounts, since there will no longer be tax on interest, or any other income. It's all good. Oh, and it will increase the amount the US Department of Revenue receives.

Posted by xraydid on December 30, 2010 at 7:37 AM
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