It is estimated that Americans spend at least $250 billion a year to comply with the tax code – that’s $850 for every man, woman, and child in America. That is the cost of three Iraq wars. Billions of dollars in compliance costs are wasted each year, and we have nothing of value to show for this expenditure – not one single productive service or product is added to our nation’s wealth. It is estimated that the FairTax dramatically cuts such compliance costs, perhaps as much as 95 percent.