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True, to a degree2005-03-02 21:57:36kris


Under this proposed fairtax, there would be no more complications, which are essentially deductions. The tax would be "flat" because your income would not have any effect on the rate of tax that you pay. Now let's look at another couple of deductions that you are proposing we get rid of. Benefits that private corporations give to their employees such as health or dental insurance are deducted from that corporation's taxes. Corporations get even more deductions from keeping jobs within the United States. There is no other incentive that keeps corporations from denying their workers these benefits or keeping jobs at home. If we removed this system, we would witness a massive efflux of jobs and a complete removal of employee benefits. It's true that we'd get to watch tv instead of filing tax returns, but we would all be unemployed and bankrupt.