Claiming Dependents on Your 2011 Tax Return - TurboTax Video
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With the FairTax, prices will remain pretty much the same, yet you'll have more of your gross income to spend. Costs of production will go down because companies won't have the expense of all the tax lawyers and consultants. Taxes will also go down because the base of tax payers will be broader. Illegals and Criminals will finally contribute to the fed gov. What's more, the dirt poor will be totally "untaxed", without even waiting in lines and completing forms.
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