Electronic Flat TaxHomepage10 Tax PrinciplesPresident's Tax reformFull TextQ & AMore Detailed ExplanationTakeActionRelated Tax ProposalsComparison to credit cardsHelping The PoorOther Unrelated Tax IdeasEconomist 2006-0518National DebtBig Brother WatchingTax created crimesTaxes and the ConstitutionEmail Questions and AnswersAn email I receivedFairTaxooooooooooooooooooooooooooooooooThis proposed new system of taxation requires no accounting, no filing of tax forms and no audits and it will collect revenue in excess of what the IRS and all 30,000 other taxing agencies at lower levels of jurisdiction collect together. In addition it is a revenue stream that is very stable and not subject to the large up and down swings experienced by all current forms of taxation when the economy goes up or down a few percentage points. There will neither be large government budget shortfalls nor surpluses  because of the extremely stable, secure and predictable tax revenue stream, even in economic recessions or economic booms. The biggest problem with new ideas in politics and economics is that they are a challenge to the "Status Quo". People in power will allways defend the "Status Quo" against all new ideas because they benefit most from preserving the "Status Quo". The majority of the general public fears change of any kind and therfore opposes any new ideas even when they are suffering from and complaining about the current system. New ideas are always a call for action against the "Status Quo" and risk averse people are not going to act in support of change anytime soon. Only when an economy takes a very deep nosedive and the general public suffers immensely, only then are people willing to listen to new ideas that would take the power away from the people in power. So read these two ideas  so that you are ready for action when the people in power have pushed you to the point where you are not "taking it anymore".    So here are the two ideas that will create prosperity for all and take the power away from the 0.1% of the people who play by the "Golden Rule": The Golden Rule is "Those who own the Gold rule".www.AutomaticTax.com and www.EndingRecession.comAutomaticTax 1. AutomaticTax eliminates Federal Taxes, State Taxes, all local taxes at County and Municipal levels and rolls them all into a single excise tax of a very low percentage. And that single excise tax collects more revenue than the over 30,000 taxing agencies it replaces. It meets the total budget needs of all levels of Government combined.2. No accounting has to be done for this tax, saving millions of unproductive hours that can be devoted to more productive work.3. Not a single tax form has to be prepared because no person or business has to be accountable to any taxing agency any longer and consequently no person or business will ever be subject to an audit.4. There is no longer any need for the enormous invasion of privacy that is part of the conventional methods of taxation.5. The total time s