Democrats, Republicans, Independents, Libertarians, and even IRS agents will agree with the...
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BEFORE THE FIRST AMENDMENT THERE WAS THE ORIGINAL "DECLARATION" AMENDMENT
"THE RIGHT TO LIFE, LIBERTY, PROPERTY, WEALTH,
AND INDIVIDUAL SOVEREIGNTY"
PROPOSED
"NOW-TAX" - United States Citizens’ Tax Bill Of Rights
Broad Base - National Sales of Goods, Services
& Financial Transactions Tax™ Amendment (NSSTT)
Preamble - In order for all United States citizens to have an equal opportunity to life, liberty, property, wealth, the pursuit of happiness, and individual sovereignty, it is time for a Citizens' Tax Bill of Rights; one tax system that will fairly shift taxes to all segments of our economy.
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A sole/single, neutral, non-progressive, non-regressive, apolitical, and nonpartisan tax collection system.
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One tax system with the least amount of rules, regulations, and laws.
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A tax system that spreads the cost of the federal budget (infrastructure, government expenses, entitlements, national debt, and benefits) over all segments of the economy creating and using the largest common denominator-the broadest base possible (all/total sales of goods, services, and financial transactions of all segments of the economy) divided into the federal budget to determine and create the lowest possible tax to have little or no negative effect on the economy.
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The largest common denominator means the broadest base possible, all sales of goods*, services, and financial transactions from all segments of the economy: all citizens, non-citizens, consumers, organizations, enterprises, and businesses. (Excluding internal money/funds transferred in personal or business financial accounts e.g. bank accounts, etc.).*After the calculation of Total Economy of Sale of Goods, Services, and Transactions selected essential foods, baby supplies, medical procedures and prescribed medicines could be exempt.
Section 1: Establish NSSTT for collecting federal taxes at the lowest possible rate for all citizens, non-citizens, businesses, organizations, and/or enterprises residing and/or operating within the United States or United States Territories. Taxes will be collected at a rate of 5% or less on all sales of goods, services, and financial transactions in the United States (Excluding internal money/funds transferred in personal or business financial accounts e.g bank accounts, etc).
Section 2: Repeal and replace the 16th Amendment and abolish all federal taxes, all current tax laws, and associated regulations; such as income tax, estate tax, capital gains tax, excise taxes, tax exemptions, deductions, and any/all other current taxes or laws not limited to this list. It will forever be prohibited to have different tax laws for any citizens, non-citizens, businesses, organizations, and/or enterprises residing and/or operating within the United States or United States Territories. No taxes will be established to favor or disfavor any citizen, non-citizen, business, organization, and/or enterprise residing and/or operating within the United States or United States Territories.
Section 3: The NSSTT will only collect enough taxes to balance the federal budget including to pay the national debt. The federal budget will be derived by no greater than 5% of the (Total Economy of all Sales, Services, and Financial Transactions (TESST) or not to exceed a federal budget cap of $5 trillion or to be determined. If the collection of the TESST creates an excess of tax revenue for any quarter, the tax rate will be lowered to the federal budget as described above. The tax rate will never exceed 5% of the TESST unless by a 2/3 vote in both Houses and except for approved national emergencies. The rates may fluctuate as revenue is needed and/or the TESST rises or lowers. Some industry rates may be adjusted as needed to not create an undue burden that would drastically affect, destabilize, or punish that segment of business or economy.
Section 4: This law does not apply to money/funds transferred inside a citizen’s and non-citizen's direct family or a single business's, a single organization’s, and/or a single enterprise’s financial accounts residing and/or operating within the United States or United States Territories in the federally-regulated bank or financial accounts.
Section 5: Abolish all felony tax punishment, except malicious tax fraud.
Section 6: The Internal Revenue Service shall be the official government agency for the collection of taxes. Taxes will automatically be collected/deducted through bank deposits by the Federal Reserve System at no cost to United States citizens, non-citizens, businesses, organizations, and/or enterprises residing and/or operating within the United States or United States Territories. All taxes collected will be overseen and managed by the Internal Revenue Service.
The example collection process:
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Upon purchase of goods, services, or financial transactions the provider/reseller will add the NSSTT rate.
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The provider/reseller makes the deposits to the bank.
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The bank automatically deducts the NSSTT rate.
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At the end of every business day, the bank sends the collected taxes to the Federal Reserve, in the care of the IRS.
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The only forms will be a deposit slip and deposit receipt. All deposits will require a Standard Industrial Classification - SIC Code.
Section 7: All citizens, non-citizens, businesses, organizations, and/or enterprises residing and/or operating within the United States or United States Territories will be required to maintain a current U.S. bank account for deposits of all sales of goods, services, and financial transactions. This is not to be construed as that cash and credit card transactions will be illegal.
Section 8: The NSSTT is a system that eliminates late or delinquent taxes. Taxes are directly collected by the Federal Reserve every day from daily deposits of all sales of goods, services, and financial transactions. The NSSTT is self-enforcing. If the NSSTT is omitted or not collected by the provider/reseller when the sales of goods, services, and financial transactions are rendered, the NSSTT will be automatically deducted from the provider's/reseller's deposits with no exceptions.