Why are taxes so complicated? Why are there so many tax systems?
So, the obvious question, is it possible to have just one simple tax system?
The answer is yes! FOR MORE INFORMATION GO TO: https://www.onetaxforall.com/
Please comment on this, we need your opinion!
A simple, logical solution; take all the tax collection systems and combine them into just "One Tax For All". Brilliant!
Today federal and state governments use a variety of taxes to try to keep up with the growing demands of the nation's infrastructure and government services. Look at the current list of taxes:
Federal and State Income Tax
State Consumer Sales Tax
Estate Tax
Capital Gains Tax
Excise Taxes:
Federal
State
County
City
Highway Tolls and more...
Tried and true, there are nine states that have no income tax (however, they still have property taxes). In these states, most taxes are collected from a simple consumer sales tax. Proof that a sales tax works: The states that have switched to a consumer sales tax vs. income taxes are booming and citizens are flocking to them. State sales tax rates are usually under 10%.
But the problem with a consumer sales tax system is citizens are paying almost all of the state taxes, while other segments of the state economy are using a large part of the infrastructure and services, but pay relatively no taxes.
Citizens after paying state sales tax, state property taxes and excise taxes they will pay 12-15% in state taxes.
Sounds like a good idea so far, right? So what if the nation adopted a national consumer sales tax system? What would be the rate? The rate would have to be 20-24% of consumer purchases-Wow! This will never work and would slow consumer sales; and again, citizens are paying practically all the taxes.
A national consumer sales tax added to state sales tax would be an average of 30% taxes per citizen. That will just not work.
So what is the missing element?
The missing element: All Citizens And All Segments Of The Economy Have To Have A Little Skin In The Game! You have to have a bigger common denominator - Sales and transactions!
Think of the economy as a "super-highway toll road." Every time a citizen, business, organization, or enterprise (ASOE) uses it, they pay a small toll (tax). This "Pay-As-You-Go" system would create the lowest tax possible. Every citizen, business, organization, and enterprise will have a little skin in the game.
Just think, the next time you buy a Coke and candy bar, get a haircut or perm, buy ink cartridges and paper, you've paid all your taxes! Just "Pay-As-You-Go"!
The "One Tax for All" National Sale and Transaction Tax (NSTT) system combines all tax systems into one - No other taxes!
Food for thought... The citizens being like landlords are paying most of the rent for tenants (businesses, organizations, enterprises, and government). Businesses, organizations, enterprises, and governments use a large portion of the infrastructure and services, but only pay 8-10% of the tax bill.
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