1. There's no normal 'filing', instead you just submit a statement of previous year earnings from all sources.
2. Institute a tiered GBI as follows:
0-25k = 100%
25-50k = 66%
50-100k = 33%
3. Then get rid of income tax and institute flat sales tax that can be easily modified by congressional approval, but no more than 1-2% per year up or down.
This tax should be applied across the board. If money changes hands, tax is taken out, kind of like crypto transaction fees, in fact if we moved to all electronic currency it'd be easier to just do that from the get go. So if you're getting money back from capital gains -- that money loses the transaction tax before you get it in your account.
Stop worrying about border control, and illegals stealing jobs, instead make the transaction tax higher if you aren't a citizen. If we have only electronic currency, it can also cut down on paying people under the table with cash, since cash doesn't exist. Furthermore, if cash doesn't exist - we can save a mint, by getting rid of the whole minting process. By making tax more for immigrants, we can stop saying they don't 'contribute', and only citizens would receive GBI, and healthcare.
Worried about whether it's even stevens or not? Everyone is a taxpayer, no refunds, loopholes, etc. You buy real estate, property, pay rent, pay a commercial lease, pay an employee the money is automatically taxed in transit. It's all programmatically controlled and simple, easy for everyone to understand, and doesn't require an entire industry of professionals just to figure it out. (Sorry CPA's).
Benefits: Get rid of most of IRS, CPA's, Fed, Welfare, Housing Assistance, etc... Save a ton GDP-wise, and get more money in the hands of the people to keep the wheels of industry spinning.
1. There's no normal 'filing', instead you just submit a statement of previous year earnings from all sources.
2. Institute a tiered GBI as follows:
0-25k = 100%
25-50k = 66%
50-100k = 33%
3. Then get rid of income tax and institute flat sales tax that can be easily modified by congressional approval, but no more than 1-2% per year up or down.
This tax should be applied across the board. If money changes hands, tax is taken out, kind of like crypto transaction fees, in fact if we moved to all electronic currency it'd be easier to just do that from the get go. So if you're getting money back from capital gains -- that money loses the transaction tax before you get it in your account.
Stop worrying about border control, and illegals stealing jobs, instead make the transaction tax higher if you aren't a citizen. If we have only electronic currency, it can also cut down on paying people under the table with cash, since cash doesn't exist. Furthermore, if cash doesn't exist - we can save a mint, by getting rid of the whole minting process. By making tax more for immigrants, we can stop saying they don't 'contribute', and only citizens would receive GBI, and healthcare.
Worried about whether it's even stevens or not? Everyone is a taxpayer, no refunds, loopholes, etc. You buy real estate, property, pay rent, pay a commercial lease, pay an employee the money is automatically taxed in transit. It's all programmatically controlled and simple, easy for everyone to understand, and doesn't require an entire industry of professionals just to figure it out. (Sorry CPA's).
Benefits: Get rid of most of IRS, CPA's, Fed, Welfare, Housing Assistance, etc... Save a ton GDP-wise, and get more money in the hands of the people to keep the wheels of industry spinning.