Abolish Income Taxes
By Robert M. Barber, Philoeconopolist
Currit tempus contra desides et sui juris contemptores
To get rid of income taxes join the Philoeconopolist Party and elect 290 new members to the U.S. House of Representatives and elect 67 new members to the U.S. Senate to pass new tax legislation with a required 2/3rds vote in both the House and the Senate. We can do it !!!
THE BARBER PLAN
The only way Congress will Abolish Income Taxes is for the
replacement taxation system to be Revenue-Neutral.
Revenue-Neutral means that the tax system that replaces the
income tax must generate the same amount of tax revenues that the
income tax generates. The Philoeconopolist Party has a plan that
provides a revenue-neutral Fee On Transfers and/or Apportioned
PPR tax instead of a Flat Tax or National Retail Sales Tax
(NRST). Flat Tax requires you to file a tax return. The NRST
requires you to file a tax return if you claim deductions. No
tax return or deductions or exemptions are needed with Fee On
Transfers or Apportioned PPR.
*****************************************************************
I propose to replace the present income tax system our federal
government uses with two simple tax methods,
1) a small fee on the money which the Federal Reserve Bank
handles for the federal government called the "Fee On
Transfers" tax, and a $.25 per hundred fee on bank check
writing for individuals and a $.05 per hunderd fee on
bank check writing and funds transfers for businesses.
and/or
2) *** OPTIONAL *** a small purchase percentage rate of 1%
to 15% tax on most goods and services, a smaller tax on
the least product price, and a higher tax on luxury items,
to be collected from all States according to the population
in each State, known as "Apportioned PPR".
The two simple taxes are discussed in "The Barber Plan":
Part A - Fee on Transfers
A1. One half of one percent is collected on the FRB's daily
total of funds and securities transfers.
A2. One half of one percent is collected on ALL monetary
transfers except on loans from the government (not
including loans from Government Sponsored Enterprises
(GSEs). GSEs pay the fees.
A3. One half of one percent is collected on ALL State's
daily Gaming and Lottery monies wagered.
and/or
Part B - Check writing fee
B1. $.25 per hundred fee on bank check writing for individuals
and a $.05 per hunderd fee on bank check writing for
businesses.
Part A and/or B should do it. Or at least half of the budget.
If not, then we implement Part C.
Part C - Apportioned PPR
C1. The federal government determines fiscal budgeted
tax requirements.
C2. People and businesses give voluntarily to the State
government anonymously to reduce apportioned tax
requirement to the several States.
Since there will be no federal income taxation, this
step will offer the underground economy, individuals
and businesses to contribute as much as they desire
to the State to reduce the federal tax liability to
the State.
C3. The federal tax liability balance is apportioned
among the several States.
What does Apportioned mean? Both the Constitution
for the united States Of America and The Federalist
Papers discuss apportionment concerning taxation.
Apportionment under The Barber Plan means that the
balance of revenues needed after Social Security,
Unemployment Insurance, Payroll Taxes and donations
have been subtracted from the federal tax requirement
until 2004, are allocated to each State according to
population. After 2004, apportionment under The
Barber Plan means that the balance of revenues needed
after donations have been subtracted from the federal
tax requirement, are allocated to each State according
to population.
Phase I - Abolish Federal Income Taxes
Individual and Corporate (1999)
Phase II - Abolish Unemployment and Payroll
Taxes(2001)
Phase III - Abolish Social Security Taxes (2003)
C4. A Purchase Percentage Rate (PPR) is collected at
the State level.
What is PPR ? PPR is Purchase Percentage Rate.
The PPR may be variable and change at a moments
notice. The PPR is taxed on price and not on the
total sale as is currently being done with sales
taxes. The PPR tax is collected until a State has
meet the allocated apportioned amount of revenue
needed from that State. The federal government and
States may collect SURPLUS monies using the PPR
tax method.
Example PPR Chart
Purchase Price %
$.01 - $3 0
$3.01 - $10 1
$10.01 - $25 2
$25.01 - $50 3
$50.01 - $100 4
$100.01 - $250 5
$250.01 - $5,000 6
$5,000.01 - $10,000 7
$10,000.01 - $20,000 8
$20,000.01 - $30,000 9
$30,000.01 - $40,000 10
$40,000.01 - $50,000 11
$50,000.01 - $100,000 12
$100,000.01 - 500,000 13
$500,000.01 - 1,000,000 14
$1,000,000.01 and over 15
"Currit tempus contra desides et sui juris contemptores" means Time runs against the slothful and those who neglect their rights !
(c) 1996, 1997, 1998 Robert M. Barber. All Rights Reserved. Products, prices and information are subject to change without notice.
Last update: Friday, July 17, 1998 4:21 pm Manhattan, NYC NY USA.
This website is under construction.
Don't be misled by the "media" or any "think tank" into making you think that The Barber Plan won't work. The Barber Plan will work and the government knows it! The Barber Plan is fair and will help our Country get out of the big economic mess it is currently in.
philoeconopolist@hotmail.com
166 West 87th St., #410
New York City, NY 10024
United States