National Debit Tax

Facts

744,000 homeless in america

Social Security trust funds exhausted by 2040

48.8 Million without Health Insurance

37 Million Americans in poverty

The Euro has replaced the US Dollar in Canada, Europe, China, and Russia

Bonded Debt of the United States: 8.18 Trillion

Running the government costs $7.42 Billion a day or $31,000 an hour.

Why it works

The DT will simplify taxation, thus stimulating economic growth.

The DT functions in the economic schema of society in such a way that it eliminates evasion, cheating, discrimination, politicking, cabal and double dipping

With the DT the average working person is encouraged to work and invest knowing his efforts will not be eroded in taxes.

It is the antidote towards the growing trend of today’s economic giants to merge, thus creating cartels and unemployment while forcing the economy into saturation, taxation and totalitarianism.

What is it?

The Debit Tax is a simple 1/2 cent per $1 wthdrawn, instantly transmitted to the Treasury through EFT without human interference

The Treasury is the only tax collector, with one tax rate for all, out of human reach.

There are no favors, no deductions, no tax exemptions for anyone, and no tax delinquents.

The DT is automatic, silent, painless, impossible to evade and recorded as a debit in every bank statement.

TODAY is the time to reform the income tax system because of warranted concern for the future economy of the United States and ultimately that of the global community.

The National Debit Tax is the solution.

With the Debit Tax there is no tax on profits, wealth, income or savings, only on withdrawals, commonly termed "bank payments."

The Debit Tax logo symbolizes how all money in circulation within the nation continuously flows within the orbit of the banking industry.

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Banks and money

Banks and Money have always been inseparable as a private enterprise for over 3,000 years BC. It is the bank’s customers who create or lose wealth and keep money circulating through the bank. All new credits deposited add some wealth. What is withdrawn from a bank loan is a bank debit that eventually returns. A profit is an added credit to that account. This is known as circulating money creating new dollars through the banking system by the people.

All Commercial Banks have a membership in an established Reserve Bank which handles all of the country’s banking business, and it is the heart of the whole banking system.

It is the depository of all revenue from the treasury Department.

It determines the exchange rate of all foreign money.

It supports the military and all government departments.

It pays the salaries of our Congressmen. and women.

It sets its own interest rates.

Now in the 21st Century, with the National Debit Tax in operation, we are able to Transfer Funds instantly via EFT, which is a great savings in time. Apart from that, the National Debit Tax avoids errors and fraud from human handling, a factor never before possible when collecting and depositing revenue.