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Eliminates all federal income taxes
Creates a $1.24 Trillion stimulus
Is Fair, Simple and Adjustable
For-Profit employees (33% of US pop.)
pay 84% of all federal taxes
15.9 % of all tax payers
pay 42% of all individual income taxes
Income Tax Created the Middle Class
In 2015, the Federal government withheld $1.24 trillion from
American worker's pay before they had a chance to spend or invest it.
No more federal income tax withholding
Those who use the financial system the most, will pay the most.
Fees will be collected & reported by the financial institutions.
The Fee is adjustable for times of war and disasters.
Fee = (Budget / Funds passed though system * 2) + emergency surcharge
Fee in 2015 = .0016 (16 cents per $100)
Replaced by Tiny Fee for using
US financial system
for Small Businesses
Pays off national debt painlessly
In 2015 a .04 cent surcharge would have reduced
the national debt by $1 Trillion
Income Taxes vs Fees for a single person
Compare Taxes and Fees for a single person
Income Taxes vs Fees for a Married person
Now it's shrinking the middle class
The top 10% donates, bottom 90% pays their tax
Architect of the U.S. Financial System
Unfair tax exemptions
When Mr. Adolf contributes $100,000 to the tax-exempt “Nazi Museum” he avoids paying $30,000 towards the cost of running the federal government. The $30,000 Adolf didn’t pay has to be paid by the other taxpayers. Which means, all of us have indirectly given $30,000 to the “Nazi Museum” whether we wanted to or not.
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