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Adjustable rate transaction tax query?
by
ray154751
I am advocating for an unheard of value added adjustable rate transaction tax (VAARTT) method of taxation which appears to be very promising from the lay mans point of view. Without getting into too much detail I will simply say the method 1st calls for the creation of a tax/budget monitoring agency charged with the authority & responsibility to always keep the budget in the black via monitoring everything in an ongoing manner.
The concept itself might be used, for example, to eliminate 5the entire SS/Med/Un/ret method of taxation as well as the income tax on 90% of taxpayers in return for a 2.4% VAARTT upon all expenses of business including wages paid + the consumers purchases to whatever extent required to total $50 Tril.Many other variations are possible including fashioning a 50% cap gains & business profits tax credit but I will not get into those calculations here. In any event--- If any of those who may read this offering would get back to me via ray154751@gmail.com to let me know how much of an economic idiot I may well be I would really appreciate it or you caeven call me via 703-395-1123!
Thank you for your time-- Ray
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