THE ORIGINAL AMENDMENT...
THE RIGHT TO FINANCIAL FREEDOM AND CREATING YOUR OWN WEALTH!
The United States Citizens’ One Tax For All - Tax Bill Of Rights
National Sales & Transaction Tax (NSTT) Admendment
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 taxes to all segments of our economy.
Section 1: Establish ONE TAX FOR ALL - NSTT across the land for collection of Federal taxes at the lowest possible rate to all citizens, businesses, organizations and/or enterprises (ASOE) residing/operating 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.
Section 2: Abolish all Federal Taxes, all current tax laws and regulations; income tax, estate tax, capital gains tax, excise taxes, tax exemptions, deductions, and any/all other current taxes or laws-and not limited to this list. It will forever be prohibited to have different tax laws for any citizens, businesses, organization and/or enterprise residing/operating in the United States or United States Territories. No taxes will be established to favor or disfavor any citizens, business, organization and/or enterprise residing/operating in the United States or United States Territories.
Section 3: The ONE TAX FOR ALL - NSTT will only collect enough taxes to balance the Federal budget or pay the National Debt. 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 budget of $5 Trillion, (a cap or ceiling would stop out of control “Tax Pyramiding or Compounding Taxation"). 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 as described above. The tax rate will never exceed 5% of the TEST unless by 2/3 vote in both houses except for approved National Emergencies. The rates may 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/destabilize/punish that segment of business or economy.
Section 4: This law does not apply to non-income of money transferred inside a citizen(s)’ direct family, a single business', a single organization's and/or a single enterprise's Federally regulated accounts residing/operating in the United States or United States Territories.
Section 5: Abolish all felony tax punishment, except malicious tax fraud.
Section 6: The IRS (Internal Revenue Service) will be the official government agency for the collection of taxes. Taxes will automatically be collected through bank deposits by Federal Banking System; and at no direct cost to the United States' citizens, businesses, organizations and/or enterprises residing/operating in the United States or United States Territories. All taxes collected will be overseen and managed by the IRS (Internal Revenue Service).The sample collection process:
Upon purchase of goods or services by any or all segments (ASOE), the provider will add the NSTT rate, for example 1%. The provider makes their deposits to the bank; the bank then automatically deducts the 1% NSTT. At the end of every business day, the bank sends proceeds to the Federal Reserve. There is no paperwork, no forms, no withholdings for ASOE except a deposit slip and deposit receipt.
Section 7: All citizens, businesses, organizations and/or enterprises residing/operating 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. All credit and cash transactions will be legal.
Section 8: The ONE TAX FOR ALL - NSTT is a cash system. All late taxes will be eliminated. Taxes are directly collected by the Federal Banking system every day from the purchasing of goods, services, and transactions. The ONE TAX FOR ALL - NSTT is self-enforcing as there is no option not to pay ONE TAX FOR ALL – NSTT. Furthermore, upon deposits, if ONE TAX FOR ALL - NSTT collection is omitted by citizens, businesses, organizations and/or enterprises residing/operating in the United States or United States Territories the sales or transaction tax will be automatically deducted from your bank deposits with no exceptions.