[Man50D]

And the United States has a bill before congress that eliminates the income tax completely and creates a national sales tax.

The Fair Tax would be a tax haven compared to the income tax. No federal income taxes for individuals or corporations. Fair Tax ping!

[groanup]

With all of the evidence throughout the world that countries fare far better with little or no income taxes than countries that have them, it is long past time to reform our tax system.

I have been on many tax threads and anti FairTaxers make themselves heard loud and clear about all the "pitfalls" of a national retail sales tax. Sure there are pitfalls. But where are the tax reform ideas?

The only one that I know of that has gotten any traction with politicians and voters is the FairTax. If someone has a better idea they sure haven't done anything about it.

[theBuckwheat]

The United States, as a matter of law, does not tax non-US Persons who have capital gains or gains on sales of real estate in the US. Further, the US will not report the interest income, nor the names of bank account holders who are not US Persons back to their national governments. All this has the effect of making the US a “tax haven” for everyone except US Persons. (it should be noted that US Persons are required to report and pay taxes on income from any source, even from one outside of the US and even if the taxpayer is no longer domiciled in the US).