Normal tax payers automatically think that corporations do not pay enough of taxes as it is. It falls on the individual as the tax payer to pay the taxes. This existing fraud is what the Fair Tax is trying to get across. The paying of taxes then falls into the current tax code. Think of all the trouble when it comes to getting your annual tax return ready. It takes the average person more than one day just to fill out the tax forms. Several Americans take away the burden of doing so by passing them on to a tax service or accountant. Claiming deductions is also a big factor of tax returns, Hundreds of receipts are also kept all year in order to get somewhat of a deduction on their return. This money is an amount that should stay with the tax payer. The tax code itself is costing several every year. Several think it is not such as big deal; however, 56 percent of the compliance is paid by businesses, another 2.5 percent is paid by businesses, and the remaining percentage is paid by …show more content…
The author gives a very good explanation of the tax code and its determination. The IRS regulations is an easy way to explain it. Every time I hear someone mention the IRS, people always get angry. The IRS can be viewed as the tax police. If there is any fraud or suspicious activity, the IRS will most likely pick up on it. The IRS is one of the main reasons why big American companies decide to take part of their business overseas. It has been proven and shown that producing goods overseas is cheaper and more efficient. If I were the boss of these multi-millionaire companies, I would make the same move. Producing goods overseas can make a big impact on tax paying. Taxes are due to that country but are a lot lower compared to