Common Sense Tax Reform
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Get rid of the graduated income tax!
Adopt a tax on spending!
No deductions, no exemptions!
No returns to file!
Protect personal privacy!
With a 1% rate of tax on all transactions the Treasury would have au the money needed to replace the graduated income tax, the alternative minimum tax, the estate (death) tax and many other smaller nuisance tax levies.
All collection of the Universal Transaction Tax (UTT) would be made by taxpayers and deposited directly into the U.S. Treasury’s account...























