This is a FairTax moment!
If the American people would only demand of their elected officials that the income tax be replaced with the FairTax and the IRS abolished, this so-called “inversion” problem would go away.
In fact, companies and businesses would fight each other to be the first to return to the USA. It would be a stampede!
What is so troublesome about this entire discussion is that fundamental tax reform is not on the table.
Instead these LIEberal dumbass bozos are trying to find a way to punish companies who do the smart thing and leave high-tax USA for low-tax Canada and other countries.
Why not make the USA the low-tax — FairTax levies NO income tax on businesses — capital of the world?
And then, the smart businesses will relocate to the USA!
There are billions (some say over a trillion) of dollars being held out of the USA by multi-national companies to avoid federal taxes.
Under the FairTax, those billions would come into our economy tax FRee and give it onehellofaboost!
So, call, write, email, fax, twitter, whatever, your elected representatives and demand that FairTax be passed and implemented!
I keep thinking that the government will begin granting exemptions even with sales taxes. They already do. One way to snag everybody would be with a VAT, and the only exemption would be the % tax at the register point of final sale.
With that in mind, the % tax at all levels would have to be small to add up to the amount tax that the fair tax wants to enact....in the range of 20% isn’t it???
I’m asking this as someone who supports the fair tax, not as an opponent.