Energy Tax Credits - TurboTax Video 2011
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After we get the FairTax, our standard of living will INCREASE for at least a couple reasons:
1. Current tax payers will pay LESS income tax because the revenue neutral burden will be spread to illegals and criminals as well.
2.Prices will likely drop because companies will no longer embed the expense of the tax consultants into their prices. Economic history shows profit margins remain steady (typically around 5 to 7 percent).
urgener 1 year ago
70K pages of loopholes deductions and credits cost Americans $350 to $450 billion to prepare taxes directly when they pay to have their taxes done or purchase a product or service from a business that payed a tax accountant or lawyer. IRS tells us we spent over 7.4 billion hours last year.
With the fairtax most wont have to prepare a forms. Compliance cost drop by 90% returning Billions of hour to the people to spend with friends family or building their business providing products people want.
dtvgmedia 1 year ago