FairTax Overview
The U.S. International System is Anachronistic.
The U.S. international tax system is today an embarrassing anachronism. When it was shiny and new in
1918 – the year President Woodrow Wilson donned his top hat to become the first president to leave
North America -- we led the way in enacting a system where income taxes duly paid to a foreign country
could be credited against U.S. income taxes. Ten years after that, in 1928, the League of Nations
introduced draft model income tax treaties,