Tax evasion will be reduced significantly from "summary" of The Fair Tax Book by Neal Boortz,John Linder
The concept of reducing tax evasion is a critical component of the Fair Tax proposal. By eliminating the current income tax system and replacing it with a national sales tax, the opportunity for individuals and businesses to evade taxes is greatly diminished. Under the current income tax system, there are numerous loopholes and opportunities for individuals and businesses to underreport their income or overstate their deductions in order to pay less in taxes. This complexity in the tax code creates an environment ripe for tax evasion. With the Fair Tax, the process of collecting taxes becomes much simpl...Similar Posts
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