Subject: Cash Tax -- Repeal and replacement of AMT Comment: Status Quo --- Repeal and then replacement the AMT tax for both Individuals and Corporations with the Orginial "Excise Tax" the U.S. had in place in the 1800s. Cash Tax rates of less 10% applied to sales of Goods and Services after deducting the companys Direct Materials and Direct Labor. Direct "cash" payments IN less direct "cash" payments OUT to produce an Excise Tax base with Congressional adjusted rates from Zero to less-then 10%. |