KEEP IT SUPER SIMPLE
One Simple Tax
What if funding government didn't require an entire system of complicated taxes?
Instead of taxing people when they earn, save, invest, own property, or simply live their lives, collect one simple tax when money is spent.
See the ideaTHE BASIC IDEA
Tax spending, not living.
America has built an enormous system for collecting money. Income taxes. Payroll taxes. Property taxes. Vehicle taxes. Capital gains taxes. Tax forms, deductions, credits, exemptions, classifications, deadlines, accountants, audits and thousands of pages of rules.
What if we started over?
When a taxable purchase is made, the tax is collected. The system handles the rest.
IMAGINE THE DIFFERENCE
From complicated to simple.
Today
- Income taxes
- Payroll taxes
- Property taxes
- Vehicle taxes
- Capital gains taxes
- Complicated deductions
- Tax returns
- Tax filing deadlines
One Simple Tax
WHAT WOULD CHANGE?
Keep what you earn.
These are concepts for discussion, not a completed legislative proposal.
ONE TRANSACTION
Government could divide it automatically.
A business shouldn't need to calculate and send separate taxes to numerous government agencies.
The exact tax rate and distribution percentages are questions to work out. The principle is simple: collect once and divide automatically.
Government needs revenue.
Collecting it doesn't need to be complicated.
A tax system should be understandable by the people who have to live under it.
THE QUESTION
Could America replace a complicated tax system with something this simple?
Maybe the answer isn't another tax rule. Maybe the answer is fewer rules.