1040 Taxes Could Be Replaced by One-Cent Fees!

ebook

By Jeffrey Ross

cover image of 1040 Taxes Could Be Replaced by One-Cent Fees!

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1040 culture—like it or not—exists because the United States government taxes personal income to raise trillions to fund the federal treasury. This amount will undoubtedly increase in the future—but so will American commerce and the GDP. The focus of this book will be how we can raise 3.5 or 5.0 or 6 trillion dollars efficiently and accurately while eliminating the unwieldy 1040 tax return process. The TFP plan, basically, is to "automatically" assess a 1 cent fee (.01 dollar) on all trackable transactions in the US (or related international transactions using American financial institutions). Say good bye to tax preparation, deductions, refunds, credits—this will be a pay-as-you-go system. Tax audits and tax-related stress will become history.

1040 Taxes Could Be Replaced by One-Cent Fees!