1.14 Taxation

The method of taxation in the New Constitution is a totally new way of looking at taxes.  It is not an income based tax and is not a consumer sales tax and it is not a value added tax.  It is a tax that is collected anytime something of value changes owners and it is measured in dollar value.  It is a transaction based tax.

We already have the vast majority of the infrastructure in place for this taxation system, and most of the infrastructure is automated.

Think of the savings to our nation:

      1.      Get rid of most of the cost of running the IRS

      2.      Get rid of hundreds of thousands of tax regulations that take tens of thousands of attorneys and accountants to interpret

      3.      Get rid of favoritism caused by Congress implementing tax loopholes and deductions

      4.      Get rid of the politics surrounding taxation because there are no exceptions

      5.      It does not set the poor against the rich and vice versa in the battle of taxes.

It will take people more knowledgeable then me to determine what the tax rate should be.  Because so many transactions will be taxed, I am guessing the rate per transaction would be around 2%.  Whatever the rate is, if the revenue is there to pay the bills, it will work.

As an aside, the statement drawn from the original Constitution dealing with not giving preference to any one State over another when regulating commerce and revenue has been updated to include all types of transportation including “aircraft or spacecraft”.  Cool, huh?  Opps, what about electronic communication!  I just realized I need to add some wording to cover things like the Internet.

Read the New Constitution at http://www.newconstitution.info/images/New_Constitution.pdf 

Next: 1.15 Other Powers