Income

9 States say yes to sales tax over income tax! Is a national sales tax next?

Awareness announcement for NOW TAX

The Next Generation: The NOW TAX is not just for government funding, but to generate and preserve as much wealth as possible for citizens.

NOW TAX will collect enough tax to begin paying down our national debt”

— Stephen Redden – Founder NOW TAX USA

ATHENS, WEST VIRGINIA, USA, Sept. 20, 2022 /EINPresswire.com/ — The NOW TAX USA organization supports the sales tax system on the income tax system for all states and the federal government, but recommends upgrading to the next generation; NOW TAX – National Sales and Transaction Tax.

The sales tax trend: Citizens move from high-income states to states with no income tax. Florida, Texas, and 7 other states have no income tax and use sales tax to fund most of their state budgets (however, they still have property taxes). The economies of Florida and Texas are considered the best in the country. The problem with a commodity sales tax system is that citizens bear the burden of paying most state taxes.

The Next Generation: The compelling reason for the NOW TAX is not just for government funding, but to generate and preserve as much wealth as possible for citizens.

The NOW TAX system is based on the sales tax system, but is extended by transferring tax collection to “all segments of the economy” (ASOE) equally. A single tax in which all segments of the economy pay the same proposed nominal rate of 1%, but no higher than 5%. By transferring the tax burden to the ASOE, it is as if the citizens received on average up to $17,000 each! “Everyone and every company will have a little skin in the game!” – Founder Stephen Redden
Note: Internal transactions of families, organizations or businesses will not be subject to NOW TAX.

The proposed NOW TAX – National Sales and Transaction Tax System is to replace income tax and all other federal taxes. The proposed amendment/bill to replace and repeal the 16th Amendment is available for review on the NOW TAX USA website.

Why NOW TAX versus sales tax and/or income tax:
Example: Like a toll road, think of the United States as a super-economic highway.
And like a toll road, everyone and every business has to pay a little something to use it.
On this highway, hundreds of millions of people and businesses travel there every day to generate billions of dollars in sales, financial transactions and good old-fashioned paychecks.

This is a pay-as-you-go tax system that could be as low as 1% of all sales and transactions. The logic is based on a consumption sales tax, but extended to all sales and transactions, spreading the tax burden across all segments of the economy.

Technical Explanation: Take the sum of the highest common tax denominator and divide it into the federal budget to get the lowest possible tax rate. The greatest common tax denominator was once thought to be citizens and businesses. However, with modern banking technology, it is easy to determine that the greatest tax common denominators are, by far, all sales and transactions.

The NOW TAX system, due to its simplicity, can be scaled in less than a year. The federal banking system will be the source of automatic collection. Every sale and transaction is subject to the proposed rate of 1% (as a sales tax). Upon bank deposit, the 1% is deducted and automatically sent to the Treasury Department. (Internal transactions of families, organizations or businesses will not be subject to NOW TAX).

“Just pay as you go, buy a candy bar and some coke, and you’ve paid your taxes!” – Founder Stephen Redden

More details: The modern, efficient and simple national sales and transaction tax system benefits the economy in several ways:

 The lowest possible tax rate.
 Creates maximum cash flow for the economy, increasing GDP.
 The one and only tax collection system for all segments of the economy (ASOE); no other taxes.
 Easiest tax to administer and collect, fewer rules, laws and regulations.
 Allows a more personal and professional investment.
 Stimulates foreign investment in the US economy.
 Fund and make solvent government benefits.
 A cash system with no more overdue taxes.
 No withholding and citizens keep 100% of their salary.
 No forms
 No deadlines
 No penalties
 No deposit

For detailed information, visit www.NowTaxUSA.com

Stephen Red
Tax now in the United States
+1 727-776-3316
write to us here