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To: CMAC51
The current trade deficit is over $700 billion a year. The Fair tax would trap 20% of that in the country as tax revenue. It would be well over $100 billion a year in additional tax revenue to the government without the American Taxpayer paying one cent more than they do now.

Very astute, and I think valid, observation. Add that to the 200 billion or so currently being wasted annually in compliance costs associated with the current system and we begin to see some REAL savings!

And, I might add, our manufacturing base would return virtually overnight as the U.S. would now be the only developed country on earth where business decisions could be made without considering the tax consequences.

31 posted on 04/27/2007 6:51:07 AM PDT by Bigun (IRS sucks @getridof it.com)
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To: Bigun
And, I might add, our manufacturing base would return virtually overnight as the U.S. would now be the only developed country on earth where business decisions could be made without considering the tax consequences.

Cause nobody would be able to figure out our secret weapon. How long do you think that advantage would last?

39 posted on 05/16/2007 7:51:27 AM PDT by lucysmom
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