If I were hypothetically President here would be my hypothetical tax plan hypothetically proposed to Congress:
1. Eliminate the Fed Reserve System.
2. Reinstate the creation of money to Congress.
3. Present a Constitutional Amendment to abolish all current taxes at all levels of government and outlaw deficite spending at all levels of government.
4. Depreciate the American $ via issuance of enough $ to pay off all government debt and simultaneously outlaw any future debt spending, period at all levels of government.
5. Impose a head tax at the lowest local level of government upon all able citizens over age 20.
6. Only citizens who were unable to pay the head tax would file a return requesting exemption from the tax.
6. Reduce the IRS to what sould be needful to process head tax exemption requests.
The way the head tax would work:
1. All citizens pay a given amount to the lowest level of government, such as village, township, county, etc.
2. The lowest level keeps a given percentage (to be established uniformly over the nation) and forwards the remainder to the next level up and so on until a percentage of all taxes eventually reach the federal level.
I believe this was somewhat how governments were financed in ancient times under kings, though I'm not sure it's all that simple.
Can you imagine the booming business this system would generate with the incentive to build and improve etc? Can you imagine how much would be saved via elimination of buracracy and the elimation of the national debt etc? Yes it would appear to devastate the $ but in the long haul strengthen it to a stable and sound level.
I've said the above to say it will never happen and is likely unrealistic. However it underscores some of the problems in the tax system which work to the disadvantage of us all.
BUZSAW B 4 U 2 C Y BUZ SAW.
The immeasurable present is forever consuming the eternal future and extending the infinite past.