Reducing the Corporate Income Tax

Removing the income tax on corporations will reduce the cost of everything we buy, since corporations don't pay taxes. They just pass them along to consumers. The FairTax plan calculates that removing the corporate income tax will result in a reduction in the cost of virtually every consumer item on the market. In fact, it will just about offset the tax on those products. Imagine paying the same price for something but having your entire paycheck to buy it.

Then imagine the billions of dollars that flow untaxed through our economy today: drug dealers, prostitutes, pornographers, foreign tourists, illegal immigrants. How much more revenue could be raised simply by taxing the things these people consume?

When we get rid of the IRS, there will be no more audits, no more justifying deductions, and April 15th will become just another spring day. But only if "we the people" stand up to the elites and demand it.