If we were to enact the FairTax plan, all of this money going overseas and all of the money roosting overseas will come right back into our economy where it belongs.
The FairTax repeals the 16th amendment
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration.
...and nukes other earnings-based taxation schemes and replaces it with a simple prorated sales tax structure. If you wish to pay NO taxes, you may do so by purchasing new goods up to the poverty level (as determined by the census bureau) and used goods (which would not be taxed). The tax rate is controlled by the voters directly under this plan, in that the policies of the elected are directly visible at the cash registers of the electors.
Every legal US citizen is regularly refunded the value of retail taxation--weekly, biweekly, monthly, annually, given to charity--whatever, using the existing systems of social security, welfare and unemployment, etc.
In addition to the elimination of all income taxation, gains taxes are also nuked. This is a major stumble for many, but remember that these wealth holders make major purchases of new goods, which are taxed at the FairTax rate.
The current ballpark is $13,600,000,000,000, trillion with a T, are hiding from taxation overseas. With the FairTax, these thirteen trillion dollars come back home to work for us.
You pay no income taxes. You take home 100% of what you earn. You have more control over your federal government. You pay a 23% tax on new goods up to the poverty line, but the MASSIVE supply-side taxation cost is eliminated from those goods, meaning the price after FairTax is the same. The economy booms because every-friggin-corporation opens up shop in the new tax utopia. Jobs are plentiful.
Don't believe me! Read for yourself!