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The Simple Tax is the answer to Americas debt problem
"If you care about America, you MUST read this book!!"
"If we don't overhaul and correct our tax system we are going to follow the many European countries that are undergoing financial collapse"
Excerpts from . . . . . . .
Chapter 1:
The “graduated income tax” has deteriorated into such a mind-boggling mess it is ridiculous. How did we get into such a situation? If we don’t extricate ourselves, and soon, we face the loss of our birthright of freedom.
Chapter 4.
The Simple Tax is a consumption tax that is reasonable and simple for all taxpayers, a one percent (1%) tax on the gross amount of all commercial transactions made----no deductions, no personal exemptions, no massive regulatory definitive process, no army of auditors and collectors. This tax would affect every individual, every corporation, and every organization in the country. It would also affect foreign entities if they performed any transactions in this country. Charitable entities and so-called “non-profit” companies would not be exempt. The tax would apply on all sales, wholesale and retail. Mere transfers of financial instruments would not be affected, however. in transactions where the government would be the “purchaser” would be exempt, of course.
Chapter 7. . . .
The Simple Tax is immediate and simple. It is easy to understand and logical in its application. And there is no question as to which shell the pea is under. It’s under all the shells.
Chapter 9. . . .
The small businessman is penalized in many other ways, also. Since he is self-employed he has to pay the matching portion of his social security tax and the matching portion of his Medicare payment. This is all based on his profit shown on Schedule C. It is very regressive and, depending on his age, can boost his effective tax rate to as much as 60% on the top portion of his income. Sometimes it is better to work for less money as long as you are working for someone else.
Chapter 11 . . . .
The Simple Tax system would have perfect transparency throughout all the transactions making up the economic tax base. This system would be based on the latest technology and the Treasury could tell taxpayers the daily tax collections in a matter of hours.
Chapter 12
A typical family income of today that makes about $65,000. per year and will pay about 12% or $7,500 of that gross income in income tax , including both Federal and state income taxes. Under the Simple Tax plan the tax would be less than $1,000 Federal and state. See what a burden the graduated income tax puts on the average person? And, as we have previously noted, the 1% rate might be more than enough to erase some other “nuisance” taxes, also.
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Solutions?
We have them! For instance, let's get rid of the out-dated, onerous graduated income tax and put in its place a new tax, a sales/transaction tax. Collected at the point of sale and deposited directly into the U.S Treasury’s bank account. No IRS, no returns to file, no complex records to keep. Our books tell you the details of this simple and effective solution.