Ready for Tax Liberty?
Times Read: 1761
The gross receipts tax is an opportunity for Missourians to experience tax Liberty, eliminating the need for all fees, state income taxes, property taxes, personal property taxes, overlapping sales taxes, with a tax taking a small percentage of the sale of all goods and services throughout the state, resulting in steady and greater tax revenues, relieving individual tax burdens and returning full ownership of property to the People. Read the proposal HERE!
THE THEORY OF A GOOD TAX
THE TAX:
Must be fair – uniform
Preserve the ability to choose to buy
Has little impact on the market as possible
Tax to cost as little as possible for collection
GROSS RECEIPTS
No matter what happens, everybody is taxed uniformly (everybody ends up the same way)
Worked so well for Germany that it funded two world wars for them
Germany was so far in debt that they printed the money and used it to pay off the reparation, then used the GRT again.
Employs no social engineering, which impairs the freedom to choose (ends weaponized taxes)
The tax is included in the price
Hard to avoid – easy to collect
All of it gets added on to the price and paid by the consumer; consumer is paying for privilege of having the good or service available
Being used several places around the world - Kirksville, MO
Taxes only business and not private people (only have to track thousands of businesses instead of millions of people)
DEALING WITH VERTICAL INTEGRATION
Big corporate operations that may have all manufacturing and production in house.
Growing into monopolies
Have an unfair advantage over smaller companies
EXPECTATIONS
Want government to be more fiscally responsible
Want the people to say yes or no to the question, vote by supermajority?
Want it to be constitutionally legal
Establish a stabilization fund for excess money; money in the bank to take in for 2 revenue free years. The remainder would go to reduce the rate
No governments can get into debt
NO BONDS (pledged assets to get public money); No public indebtedness;
Incur no more debt – payoff the old;
CONSTRUCTION PROJECTS
People vote – approval by supermajority;
Raise rate by a fraction of a percent for two years;
Can start the tax and invest it;
Do the project, which is paid for when it is done;
CANNOT go into debt
STOP TAXING THE MEANS OF PRODUCTION
TAX PRODUCTION
