The capital inflow resulting from import taxation will aid in lowering the consumption rate. This will encourage business expansion, development, and employment. The ability to compete internationally will increase American exports. The U.S. trade balance would improve and American-made products would have an economic advantage domestically and globally. The current tax system is highly intrusive and complex.
Administration is inefficient and difficult to supervise.
Not to mention the time and aggravation spent on filing out tax reforms. The IRS operates at a huge cost and employs many individuals at unproductive rates. Complications lead to errors by both the IRS and confused tax- payers. Taxes should be simple to collect and administer. The system should use the advancements in technology and knowledge to minimize form usage and administration techniques.