Home > Federal > Some IRS and Tax Code trivia – The size scope and costs are out of hand! Good reason to support FairTax

Some IRS and Tax Code trivia – The size scope and costs are out of hand! Good reason to support FairTax

December 16, 2010

Keep in mind that in 2011 the Obama adminstration as part of Obamacare is planning to appropriate $millions more to the IRS and add another 16000 agents for enforcement/compliance.

Total Federal Income Tax Compliance Costs

1990 – $79.7 Billion – 14.1% of Federal Revenue

2010 – $368.4 Billion – 22.8% of Federal Revenue

Tax Foundation report 2006 (2006-2010 projected)

“If we were to get rid of … the income tax and the payroll tax and all compliance costs, we would be so ferociously competitive in a world economy that corporate America would not be competed with unless foreign corporations started building their plants in America.” – Congressman John Linder

Did You Know?

Manufacturing’s share of the U.S. economy has been in a relentless decline to less than 50 percent of what its share of the gross domestic product (GDP) was in the 1950s. The FairTax plan reduces the cost of American manufacturing and agriculture considerably.

– Read The impact of the FairTax on American manufacturing, agriculture, trade, and international competitiveness

FairTax in the News

Your Opinions: FairTax would create prosperity – Battle Creek Enquirer

– Control your taxes, calculate your rate

– Get FairTax graphics  – Understand the basics

Ways to Engage: – Support FairTax – Send Congress an e-fax

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