THE ORIGINAL AMENDMENT...
THE RIGHT TO FINANCIAL FREEDOM, CREATING YOUR OWN WEALTH AND KEEPING IT!
The United States Citizens’ Tax Bill Of Rights"
FREEDOM TAX - National Sales & Transaction Tax
In order for all United States Citizens to have an equal and fair opportunity to life, liberty and the pursuit of happiness it is time for a Tax Bill of Rights. A tax system that will fairly shift money back to citizens to promote and create citizens' wealth. The FREEDOM TAX Bill will protect the United States Citizens from overbearing, overreaching, oppressive and unfair taxation by the Federal Government. It is now necessary for the establishment of National Sales and Transaction Tax, “FREEDOM TAX” replacing the 16th Amendment.
Article 1: Establish FREEDOM TAX across the land for collection of Federal taxes at the lowest possible rate to all citizens, businesses, organizations and/or enterprises residing in the United States or United States Territories. Taxes will be collected at a rate of 5% or less on all sales & financial transactions of the United States.
Article 2: Abolish Income Taxes, all current tax laws, regulations, inheritance tax, capital gains tax, excise taxes, tax exemptions, deductions, and any/all other current tax. It will forever be prohibited to have different tax laws for any citizens, businesses, organization and/or enterprise residing in the United States or United States Territories.
Article 3: The FREEDOM TAX will only collect enough taxes to balance the Federal budget. The Federal budget will be derived by no greater than 5% of the TEST (Total Economy of all Sales and Transactions) or not to exceed a Federal budge of $5 Trillion. If the collection of the TEST creates an excess of tax revenue for any quarter; the tax rate will be lowered to the Federal budget amount established in the above sentence. The tax rate will never exceed 5% of the TEST unless established by a superseding amendment. The rates will fluctuate as revenue is needed and/or the TEST goes higher or lower. Some industry rates may be adjusted as needed as not create an undue burden that would drastically affect that segment of business.
Article 4: This law does not apply to non-income of money transferred inside "direct family" bank/retirement accounts or a single business bank accounts.
Article 5: No taxes will be established to favor or disfavor any citizens, businesses, organizations and/or enterprises residing in the United States or United States Territories.
Article 6: Abolish all felony tax punishment.
Article 7: The IRS (Internal Revenue Service) will be the official government agency for the collection of taxes. Taxes will automatically be collected through bank deposits through the Federal Banking System; and at no direct cost to the United States' citizens, businesses, organizations and/or enterprises residing in the United States or United States Territories. All taxes collected will be overseen and managed by the IRS (Internal Revenue Service).
Article 8: All citizens, businesses, organizations and/or enterprises residing in the United States or United States Territories will be required to maintain a current U.S. Bank Account for the deposit of all income(s). This is not to be construed as that cash and credit card transactions will be illegal or not permitted.
Article 9: The ONE TAX will create cash flow and eliminate late or evasion of taxes as taxes are directly collected by the U.S. Banking system from the purchasing of goods, services, and transactions. The FREEDOM TAX is self-enforcing as if you do not pay the ONE TAX you will not be provided with any goods, services or transactions. Furthermore, upon deposits, if ONE TAX collection is omitted by citizens, businesses, organizations and/or enterprises residing in the United States or United States Territories due to a clerical error the appropriate sales or transaction tax will be automatically deducted from your bank deposits with no exceptions.