In regards to taxes, I've long argued that we should switch from income taxes to a broad based consumption sales tax like the Fair Tax.
It would save us about $200 billion a year in tax compliance costs and get the government out of our financial lives.
Basically you tax all new goods and services. If you spend the money, you pay the tax. It doesn't matter how many fancy CPA's you have working for you.
It would also boost domestic production because it would remove the embedded taxes in the costs of our goods, and put domestically produced goods on a level playing field with imports.
In regards to taxes, I've long argued that we should switch from income taxes to a broad based consumption sales tax like the Fair Tax.
It would save us about $200 billion a year in tax compliance costs and get the government out of our financial lives.
Basically you tax all new goods and services. If you spend the money, you pay the tax. It doesn't matter how many fancy CPA's you have working for you.
It would also boost domestic production because it would remove the embedded taxes in the costs of our goods, and put domestically produced goods on a level playing field with imports.