The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: OT: Fair Tax (National Sales Tax) Date:  12/9/2004  4:51 PM
Author:  mehodgson Number:  193458 of 309665

I think you all are missing a big part of what they intend to do by eliminating income tax. By shifting the any burdon of taxation away from corporate America on to the American people you make some significant changes to the global economy.

Corporate cost of doing business becomes significatly reduced. American goods become cheaper and foreign goods become more expensive relative to each other. American goods become more competitive globally.
This could lead to increased exports and a reduced trade deficit. This could also mean more global companies