To: RayChuang88
Include in tax reform a tax holiday for profits parked overseas, and $2 Trillion will come back to the US, an amount 2 1/2 times the size of Obama’s stimulus.
35 posted on
01/20/2016 9:36:24 AM PST by
Night Hides Not
(Remember the Alamo! Remember Goliad! Remember Mississippi! My vote is going to Cruz.)
To: Night Hides Not
I completely agree. But if get a flat tax like what Steve Forbes proposed in 1996, we could get WAY more than just $2 trillion coming back, mostly because people can put money into interest-bearing bank accounts and the stock market with NO tax consequences (the FairTax proposal does the same). My guess is that the amount of liquidity showing up in the USA with such a tax overhaul could exceed US$30 TRILLION from all sources, and that would send the US economy rocketing through the roof.
65 posted on
01/20/2016 10:07:36 AM PST by
RayChuang88
(FairTax: America's Economic Cure)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson