Petition Closed

The current income tax system is inadequate, unfair and corrupt. It encourages taxpayers to lie, cheat and steal.  It is time to Abolish it.

General revenues could still be generated by switching to a simple system that taxes money, but only when it moves.

We already collect taxes on every retail purchase and the American people accept this. We can expand this to cover every transaction, not just retail. Every time a transaction takes place through our illustrious banking system we will take a small percent in the way of tax. Every time, except to or from the government. The banks already handle this type of transaction every day and can easily implement this program.

Cash transactions would NOT be taxed, as they are outside of the banking system.

Every year, Congress could establish a new rate for the year, based on spending needs and the presidents budget.

Letter to
U.S. House of Representatives
U.S. Senate
President of the United States
In order to clean up and simplify the corrupt and unfair Federal Income Tax system, we support an action to Replace the current Federal Income Tax System with a simple transaction based system.
We already collect taxes on every retail purchase and the American people accept this. We can expand this to cover every transaction, not just retail. Every time a transaction takes place through our illustrious banking system we will take a small percent in the way of tax. Every time, except to or from the government. The banks already handle this type of transaction every day and can easily implement this program.

The current income tax system is inadequate, unfair and corrupt. It encourages taxpayers to lie, cheat and steal. It is time to switch to a system that taxes money, but only when it moves. Every time a transaction takes place through our illustrious banking system we will take a small percent in the way of tax. Every time, except to or from the government. The banks already handle this type of transaction every day and can easily implement this program.

Cash transactions would NOT be taxed, as they are outside of the banking system.

Every year, Congress could establish a new rate for the year, based on spending needs and the presidents budget.

This would simply be a small tax on the movement of money from one account to another within the American financial system. Every time money is moved from one account to another the tax would be paid directly to the Federal Government.
Every paycheck, business sale or purchase non-profit donation or stock purchase would be taxed. Every time you move your money from your account at Bank of America to your other account at Bank of America it would be taxed. Every dollar, Duetchmark and Lira transferred to or through the American Banking system would be taxed unless it went to or from the US, State or Local Government. Foriegn governments utilizing the American banking system to handle their funds would be taxed.
Social security checks would NOT be taxed.
Local Water bills, that you paid, would not be taxed.
Parking fines that you paid would not be taxed.
Food would be taxed if paid for by check or credit card but not by cash.
There would be NO exceptions to the basic rule.
Cash = Not Taxed
To or from the government = Not Taxed
Every thing else = Taxed

No one will ever have to report their income again.
You will be able to save as much money as you want without worrying about taxes because you will have already paid taxes to get the money and will pay again to spend it.

No longer will we need to worry about whether or not something is deductible. Nothing will be deductible. There will be no tax credits or tax rebates or tax allowances or tax cheating or tax debt.
All taxes will be paid immediately to the government.
The IRS can stop collection activities and start actually helping Americans, or better yet dissappear altogether. We can save billions of dollars by eliminating the need to file or process income tax returns.