
$100 ............. $0.50
$1 K ...............$5
$10 K ........... $50
$100 K .......... $500
$1 Mil .......... $5,000
$10 Mil .......... $50,000
$100 Mil ........ $500,000
$1 Bil ............. $5,000,000
$20,000 @ ½% = $100
$25,000 @ ½% = $125
$30,000 @ ½% = $150
$40,000 @ ½% = $200
$80,000 @ ½% = $400
The DT will simplify taxation, thus stimulating economic growth.
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 totolitarianism.
With the DT the average working person is encouraged to work and invest knowing his efforts will not be eroded in taxes.
The DT functions in the economic schema of society in such a way that it eliminates evasion, cheating, discrimination, politicking, cabal and double dipping.The National Debit Tax (DT) is based on the premise of intent to use money withdrawn from a commercial bank account.
Under this system of taxation ½ cent (or less) is levied per
$1.00 withdrawn from every bank account and forwarded directly into the
National Treasury via EFT.
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programmed to debit ½ cent ( or less) per $1.00 withdrawn from a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.
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.