IRS = Embedded Tax
American product that costs a dollar is 78 % product price and 22% embedded tax(IRS). Imports are more then the 78% US Product cost due to shipping. Yet imports are well advanced by our using IRS(production) tax system when we should be using Consumption tax:
making the tax burden equal on the import /domestic product store shelf.#FairTax has been perfected with over 22 Million dollars of study and tweaking. We need a year notice to implement FairTax after Enactment. Don't wait for the election. Or vote Governor Huckabee if not able to figure it out. Tick tock.
American product that costs a dollar is 78 % product price and 22% embedded tax(IRS). Imports are more then the 78% US Product cost due to shipping. Yet imports are well advanced by our using IRS(production) tax system when we should be using Consumption tax:
making the tax burden equal on the import /domestic product store shelf.#FairTax has been perfected with over 22 Million dollars of study and tweaking. We need a year notice to implement FairTax after Enactment. Don't wait for the election. Or vote Governor Huckabee if not able to figure it out. Tick tock.
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