greg334
Veteran Expediter
....what it means and why it is happening.
I am going to be one of those hate radio right wing followers for a moment and post something I feel is important.
Seeing that the dollar is slipping, the heritage foundation has done a report that points to an important issue that I think needs to be discussed and asked to the empty suits of candidates – what are they going to reduce the taxes in our country?
Here is the report
www.heritage.org/Press/Commentary/ed110607e.cfm
This is a good justification for the Fair Tax
www.fairtax.org
and if you don’t think it will work, have your doubts or just love paying taxes (or one of those people who think that we actually need the present tax system), please read the Fair Tax book and visit the website before you form an opinion.
Also here is part of the little report on this issue from that hate radio right wing website for all of you to read;
“The Heritage Foundation has a reason for the weak dollar ... and some people aren't going to be very happy to hear it. It's the U.S. tax code. Heritage says that there are two failings that are causing the long-term weakness of the dollar. First, Americans don't save enough to meet capital investment requirements. And the fact that we consume more than we produce. Both of these exist because of our complicated and asinine tax code.
The Heritage Foundation says that Americans follow the example of government, when it comes to their own savings and spending. But when someone in American actually tries to save and invest ... he is punished with extra taxes. It is a fact that the government taxes income that is saved and invested far more heavily than income that is immediately spent.
Taxes on savings and investment weaken the dollar, but they also slow the growth of the private economy. This costs Americans $3 billion every year in lost income and jobs for every $1 billion of revenue yielded to the government. Get this ... the total cost of damages attributed to our hideous tax system is about $2.5 trillion per year. Trillion with a "t." And with Charlie Rangel's grand tax scheme, that number could be kicked up by another $2.9 trillion. That means $2,600 less for every American family every year for the next ten years.
And when it comes to U.S. companies basing their companies abroad, it's a complete no brainer, considering the heavy taxes on the exportation of American-made goods. U.S. companies abroad are more likely to reinvest in their foreign country's economy, because if they bring the money home to reinvest in America ... the government will pound them with taxes.â€
I am going to be one of those hate radio right wing followers for a moment and post something I feel is important.
Seeing that the dollar is slipping, the heritage foundation has done a report that points to an important issue that I think needs to be discussed and asked to the empty suits of candidates – what are they going to reduce the taxes in our country?
Here is the report
www.heritage.org/Press/Commentary/ed110607e.cfm
This is a good justification for the Fair Tax
www.fairtax.org
and if you don’t think it will work, have your doubts or just love paying taxes (or one of those people who think that we actually need the present tax system), please read the Fair Tax book and visit the website before you form an opinion.
Also here is part of the little report on this issue from that hate radio right wing website for all of you to read;
“The Heritage Foundation has a reason for the weak dollar ... and some people aren't going to be very happy to hear it. It's the U.S. tax code. Heritage says that there are two failings that are causing the long-term weakness of the dollar. First, Americans don't save enough to meet capital investment requirements. And the fact that we consume more than we produce. Both of these exist because of our complicated and asinine tax code.
The Heritage Foundation says that Americans follow the example of government, when it comes to their own savings and spending. But when someone in American actually tries to save and invest ... he is punished with extra taxes. It is a fact that the government taxes income that is saved and invested far more heavily than income that is immediately spent.
Taxes on savings and investment weaken the dollar, but they also slow the growth of the private economy. This costs Americans $3 billion every year in lost income and jobs for every $1 billion of revenue yielded to the government. Get this ... the total cost of damages attributed to our hideous tax system is about $2.5 trillion per year. Trillion with a "t." And with Charlie Rangel's grand tax scheme, that number could be kicked up by another $2.9 trillion. That means $2,600 less for every American family every year for the next ten years.
And when it comes to U.S. companies basing their companies abroad, it's a complete no brainer, considering the heavy taxes on the exportation of American-made goods. U.S. companies abroad are more likely to reinvest in their foreign country's economy, because if they bring the money home to reinvest in America ... the government will pound them with taxes.â€