Classic Robert Gauntlet Tournament: The current tax system should be replaced by the fair tax.

Introduction The I.R.S. Sux. Most people agree with thishttp://www.gallup.com... . Pretty much everyone wants to see tax reform. Whether that comes from closing loopholes or reducing the burden on the middle class. It's just confusing as to how to solve a ton of the problems caused by the current tax system. The Fairtax is the best known available solution to the current system. It's bipartisan and provides just as much if not more revenue for the federal government http://people.bu.edu... . Politicians don't like the fairtax because they can't reward friends and punish enemies using the tax code, but that's one of the reasons why it's so great. It should be noted that 61% of people wan a more fair tax system http://www.rasmussenreports.com... and most people once they understand what the fairtax is become staunch supporters of it. (minute 8:30 in Youtube video http://www.youtube.com...). Revenue Neutral This tax code is revenue neutral. Whatever amount you were expecting from the current tax code would match what this new tax system brings in. http://people.bu.edu... . So all the benefits I bring up about the fairtax don't come at a cost to the government's revenue stream. Tax Burden The Fairtax is a progressive tax system. The tax in essence untaxes the poor. The prebate ensures that the Fairtax is progressive. A family spending at the poverty level would spend 0% on taxes. Somebody spending at twice the poverty level would pay a 12% tax. Millionaires would pay a 23% tax. How is it Revenue Neutral Well let's remember the current tax code only taxes 100 million people. The new tax code would pull from a pool of 300 million people, plus tourists. We'd also tax a lot of the wealth we've had no access to before, some of that wealth may be from drug dealers, or tax dodgers or new higher paying jobs provided by the massive amounts of corporations flooding into America after the corporate tax is abolished. It's estimated that the GDP would rise by 10.5 % in the first year http://patriotstatesman.com... . Corporations There's this myth that corporations are taxed. They aren't. They either pass on these tax costs to investors, employees or customers. When they feel like passing on these costs to the customer will hurt business too much, they up and leave the United States. Like Google did and shifted 80% of their pretax income to Bermuda http://www.huffingtonpost.com... . There are a ton of corporations leaving the U.S. and flocking to low tax/no tax countries like Switzerland or Ireland http://www.informationclearinghouse.info... . This is money that could be staying in America, not to mention money that would come to the United states from other corporations flocking to the United States to avoid taxation. It's been estimated by economists that corporations pass on this tax at the cost of 22% of every dollar you spend on their merchandise. http://www.fairtaxblog.com... . Once the fair tax is implemented the total cost of products would likely remain unchanged. So what we're talking about here is eliminating all federal taxes, implementing the fairtax and still barely affecting the total cost of products while increasing or keeping tax revenue the same. Once you eliminate the corporate tax. Corporations will flock to the United States providing tons of new jobs and also new pools of income to be taxed. Boortz, Neal; Linder, John (2006). The Fair Tax Book (Paperback ed.). Regan Books. ISBN 0-06-087549-6. Bill Archer a former head of The House Ways and means committee headed a survey of 500 European and Asian countries. When surveyed 400 said they would build their next plant in the United States. 100 said that They would move their headquarters here. http://www.actionamerica.org... Besides bringing all these jobs and corporations home, we'll also have American companies that are way more competitive overseas. They are no longer passing on the costs of taxation to foreigners. Because of taxes American businesses are already at a 17% disadvantage when competing overseas. Enacting the fairtax would immediately eliminate this disadvantage and help American companies immensely. http://en.wikipedia.org... Banking It's nonsense that Americans have billions of dollars in offshore accounts making Swiss bankers rich, when this money can be in America making American bankers rich and providing more tax revenue. It's estimated that 11 trillion dollars is in offshore accounts. This number is increasing by 800 billion dollars a year. http://www.taxjustice.net... Alan Greenspan has estimated that a large portion of this money would be repatriated boosting the economy instead of the economy of tax haven countries and it would increase the pool of taxable money. Boortz, Neal; Linder, John (2006). The Fair Tax Book (Paperback ed.). Regan Books. ISBN 0-06-087549-6. Conclusion The fairtax plan boosts the economy as estimated by as stated by over 80 economists including Nobel Laureate Vernon L. Smith, in a letter to the president. http://www.fairtax.org... . It's revenue neutral http://people.bu.edu... . The Fair tax is progressive due to the tax prebate. The Fairtax decreases most people's tax burdens. the Fairtax is just over 130 pages long as opposed to the 15,000 plus pages, which are changed daily in the current tax code. This is a more honest and clearly better way to collect taxes. There is no reason not to replace the current tax system with the fairtax.