Subject: Income Tax For The 21ST Century Comment: The PERFECT income tax system is ALREADY in place and it is currently in use by EVERY state. Only, no-one is seeing the "forrest through the trees". What is it? It is the "premuim tax" system being paid by all US domestic insurers. It has certain traits of a flat tax and certain traits of a value added tax, but it is neither. It is a VERY low tax on all income (revenue). Simply, an insurer pays a 1%-2% tax (depending on the state) on its premiums written. End of story. That's it. Simple, fast, and it can be easily built into product pricing or an individual's budget. It will work for individuals and corporations alike and has already has proven itself in years of use. Best of all, it will clean up ALL of the problems with the current system. It is truly the INCOME TAX FOR THE 20th CENTURY. |