Monthly Archives: February 2011
We are currently the only OECD country with no border adjustment element in our tax system. Soon we will also have the highest corporate tax rate. Because the current system is not border adjustable, American producers face at least an … Continue reading
According to Tax Policy Center, two-thirds of taxpayers pay more in payroll taxes than income taxes.
The FairTax would already increase the revenue stream over and above what it would have been under a continuation of the current system. The reason is that it would stimulate the economy or, more precisely, that it would increase the … Continue reading
“If the U. S. truly repealed its corporate income tax and replaced it with what is essentially a border adjustable consumption tax, the U. S. would be one heck of an attractive place to invest. In fact, the U. S. … Continue reading