Atomated Payment Transaction Tax

Discussion in 'Politics' started by Salty, Apr 7, 2008.

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The APT Tax

  1. sounds great

    3 vote(s)
    30.0%
  2. probally no better than the current system

    0 vote(s)
    0.0%
  3. is too good to be true, so its not (good)

    2 vote(s)
    20.0%
  4. doesnt sound that good

    2 vote(s)
    20.0%
  5. is a poor replacement

    3 vote(s)
    30.0%
  6. other answer

    0 vote(s)
    0.0%
  1. Salty

    Salty
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    I believe the best tax system is the (click on) APT Tax. This is a system devised by Edgar L. Feige

    Believe it or not! Do away with all income tax. The APT is only .3%. Anotherwards instead of paying say 8% sales tax - to just your state the entire tax on 100 dollars would only be - get this 30 cents!!!

    Will you get on board. If so, let you congressman know, your state assembly and all elected officials.

    Salty
     
  2. Baptist Believer

    Baptist Believer
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    So every time a business, a church, a non-profit, or an individual shifts money from one account to another (not making a purchase) they are taxed? When banks, municipalities, consumers, etc. pay interest or pay their bills, they are taxed?

    Since most electronic transactions do not involve purchases, this system sounds like the ideal way to slow down our economy and tax the same income over and over again.
     
  3. Revmitchell

    Revmitchell
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    Much like the death tax
     
  4. Salty

    Salty
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    First, I don't have a problem with non profits paying some tax, as they do benefit ie fire protection, police ect.

    Second, the % is so small it is barely noticeable. Did you read the entire link? If not, please do so and look at it from a very objective point of view.

    Many want th F.A.I.R. TAX. This tax is will just add more bureaucracy to the tax system. And the silly ideal of a pre-bate...
     
  5. Pete

    Pete
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    If with you on this one SALTY, it gets my "sounds great" vote.

    About the only problem I can think of would be politicians even finding a way to mess this up...... :tonofbricks::)
     
  6. billwald

    billwald
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    I think I proposed a similar plan on line a couple of years ago.

    Half the US economy is under the table. Eliminate cash money and this system would tax all drug transactions and whatever. It would double the take. Probably be enough to solve the Social security problem.
     
  7. Salty

    Salty
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    Thanks Pete! :thumbs:
    The Aussies currently have the system. One way to keep the politicians form messing it up would be a requirement would be to increase the % above .1 % would take a 60% vote of congress.
    (the reccommended % is .3%)
     
  8. JustChristian

    JustChristian
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    I would seriously support removing tax loopholes but there are some things that need to be looked at on this. One of those"loopholes" is the favored tax treatment for owning a home. If home prices are going down now don't you think this would significantly increase the downturn? One of the major reasons many people buy a home is to get tax breaks.

    Another concern is that this tax, like the sales tax, is regressive. It would impact lower to middle class people more proportionately than upper income people. On the other hand, maybe poorer people would quit using debit and credit cards and go to all cash transactions.
     
  9. Salty

    Salty
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    Three points -
    1. EVERYONE PAYS IT AND EVERYONE SHOULD PAY TAXES!!!
    2. The % is so small - it is insufficent
    3. Use cash, you pay no tax!
     
  10. Hardsheller

    Hardsheller
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    Your third point - Use Cash - pay no tax - effectively kills this whole scheme.

    Cash is on the way out or haven't you heard?
     
  11. Salty

    Salty
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    Negative, those who make deals in 100's, 1,000's and more will always use plastic, checks, ect. So when Big Bad Walmart buys 100,000 worth of auto supplies that will be $300 tax

    Again, I ask have you (all) read the link from post # 1
     
  12. poncho

    poncho
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    Cheap easy and convenient will be the sales pitch for the cashless control grid.
     

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