National Debit Tax - Advantages

Benifits

There will be no tax on profits, capital gains, or assets proving an incentive to save.

Overseas tax havens will become useless as the U.S. becomes a tax haven.

An immediate increase in the value of the U.S. Dollar will occur.

There will be no deductions from our paychecks

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Overview

Without Credit, the bank could not exist.

Without the Bank, money would not exist.

Without Money, wealth would not exist.

Without Wealth, taxation would not exist.

Without Taxation, revenue would not exist.

Without Revenue, a country would not exist.

Without a Country, civilization would not exist.

Meets the criteria for a fair and just system of taxation as it...

is SIMPLE because it is instantly, automatically and electronically transferred directly from a bank account into the National Treasury 24-hours-a-day.

is SILENT because, at the moment of withdrawal, the minuscule amount of tax deducted is hardly perceptible to the taxpayer.

is JUST because the same tax rate applies to all withdrawals.

is EFFICIENT because it operates instantaneously 24 hours-a-day, every day, without human interference.

is TRANSPARENT because it is unavoidable.

National Debit Tax - Advantages

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.

Collection of the Debit Tax will become the function of a programmed computer strictly monitored and controlled by the Treasury Department and linked to all commercial banks in the United States and overseas. There is no human interference. The carrier is a government satellite programmed to debit ½ cent ( or less) per $1.00 withdrawn from a bank account and instantly transfer those funds into the National Treasury. The DT operates every day, 24-hours-a-day.

Concept

In 2002, in the United States bank payments were ONE THOUSAND TRILLION DOLLARS. An added ½ cent (or less) debited from bank accounts for every dollar withdrawn, instantly transferred into the National Treasury, would produce FIVE TRILLION DOLLARS REVENUE for the wellbeing of our nation.