How the economy works
 
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How the economy works

Are we,"the people", stupid?
How is it possible that in the United States we have allowed our government to create a 65,000 page tax code that costs the USA economy around $1,100,000,000,000 per year inadministration and time from individuals and companies alike ? Yes indeed, that was SIXTYFIVE THOUSAND PAGES and a whopping $1.1 TRILLION DOLLARS of wasted money per year!!

We are not stupid!
We just feel powerless against many of our legislators that are  being manipulated by powerfull special interests to create these corrupt tax laws that rob us of personal privacy and create costs of $7500 per household per year.  Politicians deceive the voters to satisfy their own political objectives by creating misleading and outright corrupt myths with which they promote their personal political careers and solicit bribes from special interest groups that stuff their re-election campaign coffers.

An excellent tax system
There is a brilliantly simple tax system that is currently in front of legislatures Worldwide. This system is so excellently simple that it sounds too good to be true. The corrupt special interests, that have burdened all countries  with these rediculous systems of taxation, will fight this new tax system with whatever means and methods to their disposal to preserve the status-quo of their tax advantages they have paid for so dearly  with their bribes and false myths they have spread. 

Short explanation
This excellently simple new method of tax collection replaces, with a simple tax, all forms of taxation at all jurisdictions of government at Federal, State, County and City levels. It is an excise tax with a tax percentage that is extremely low as compared to current income tax percentages.

Restores privacy, saves billions
No accounting, no record keeping, no tax reporting or tax form filing , no audits. The tax rate is between 3.8% and 5% that is collected by the banking system through deducting the tax percentage from all deposits made into bank accounts and all money transfers of any form. The banks transfer the tax to a government tax distribution office that in turn distributes the total revenue received to all governments at all levels of jurisdiction, Federal, State, County and Cities.

Slow 20 year transition to the new tax
Transition from the current systems of taxation to the new combined tax collection system can be done over a period of 15 to 20 years if that is needed to soften the large unemployment it will create among the 12% of working people that have been drawn into the totally unproductive jobs that were created by the 30,000 taxing agencies in the United States. The new 2020Tax will eliminate literally millions of unproductive jobs that are currently held by all people that have jobs that are related to current taxation methods such as accounting, tax return preparation, tax reducing schemes, offshore tax avoidance schemes and many other such tax related jobs. Such massive job losses could create an economic recession or even depression. Gradual small percentage increase transition into the new tax will avoid such economic recession and depression. Over a period of 20 years many people will retire and many more can seek other employement.

Detailed explanation
You can find very detailed explanations elsewhere on this website.



 

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