ELIMINATE THE INCOME TAX?

You heard that right. Have you ever heard of the APT Tax? That stands for the Automated Payment Tax. Is it possible to replace all of the following taxes with a system of taxation which is simple, efficient, progressive and revenue neutral. The answer is YES!

This plan can eliminate the following taxes....... income tax, corporate income tax, state income tax, fuel tax, capital gains tax, gift tax, estate tax, excise tax and the sales tax. All deductions and exemptions will be eliminated!

This system was developed by University of Wisconsin Professor of Economics Edgar L. Feige. I am not going to explain it in this blog. His web site can do it much better. It's a great web site and very informative. Read about it and ask your congressperson supports it.

Go to http://www.apttax.com/

After you read about it, post a comment here, whether you are for it or against it and why!