Mission
THAT'S RIGHT, ABOLISH THE US TAX CODE, ALL OF IT
REPLACE IT WITH A SIMPLE, FLAT TAX ON COMPANY REVENUES
REPLACE IT WITH A SIMPLE, FLAT TAX ON COMPANY REVENUES
Eliminate all taxes on individuals, including income taxes and all current business taxes
REPLACE IT WITH A SIMPLE, FLAT TAX ON COMPANY REVENUES
REPLACE IT WITH A SIMPLE, FLAT TAX ON COMPANY REVENUES
REPLACE IT WITH A SIMPLE, FLAT TAX ON COMPANY REVENUES
This is a revenue neutral tax plan that will generate the revenues necessary to satisfy all the obligations of the US Government
Site Content
Keeping it Simple
Savings for Individuals
Savings for Individuals
The current Federal Tax Code is so complex, arbitrary and unfair that it can't be fixed, so it must be abolished and replaced with a simple, fair and effective plan.
Savings for Individuals
Savings for Individuals
Savings for Individuals
Eliminating Income Taxes, Payroll Taxes, Capital Gains Taxes, Inheritance and Excise Taxes will save Americans $2.52 trillion per year or an average of $14,000 per taxpayer.
Savings for Businesses
Savings for Individuals
Life, Liberty and the Pursuit of Happiness
Businesses will no longer pay Income Taxes or Payroll Taxes which will save almost $800 billion per year, and they will save an additional $500 billion a year due to simplified tax reporting. Businesses will be able to focus on top line growth and profitability, not tax avoidance schemes.
Life, Liberty and the Pursuit of Happiness
Life, Liberty and the Pursuit of Happiness
Life, Liberty and the Pursuit of Happiness
Getting the government off the backs of hard-working Americans. No more income tax. No more payroll tax. No more filing tax returns. No more IRS.
Securing the Future of America Tax Plan
Life, Liberty and the Pursuit of Happiness
Securing the Future of America Tax Plan
Raise $3.6 trillion with a simple, flat tax on business revenues and imports. This plan is revenue neutral, or positive, will satisfy the obligations of the US Government and will guarantee that Social Security and Medicare will be there for senior citizens into perpetuity.
We Need You
Life, Liberty and the Pursuit of Happiness
Securing the Future of America Tax Plan
This plan is nonpartisan, and everyone should support it. We need to get the attention of Washington. We can make this happen, but we need a lot of help. Sign up today.
Let's Keep This Simple
The Current Tax Code is a Disaster and Everyone Knows it!
The current US Tax code is thousands of pages long, is extremely complex, impossible to understand, has 100's of different taxes, exemptions, exceptions, and special treatments, is impossible to fully comply with, welcomes cheating and cannot be fixed.
The tax code is unfair as two people making the same gross income can pay a significantly different amount of taxes based on whether they buy or rent a house, have children or not, give to charities, have children in college or whether they contribute to a company sponsored retirement plan. Why should the Federal government treat people differently based on their personal choices? In addition, the progressive tax discourages working longer and harder as more of each additional dollar is paid to Uncle Sam. Our current tax code is the antithesis of "All Men are Created Equal."
Business Income Taxes only generate about 10% or $360 billion of total Federal revenues yet businesses spend billions of hours and up to $500 billion a year to comply with the tax code and to develop tax avoidance strategies. Since only profits are taxed, the current tax code essentially punishes profitable companies and subsidizes poorly run companies, or companies with the best tax avoidance strategies. We've all heard of giant, multi-billion dollar companies paying no income taxes.
The only people who like the current tax system are the politicians that carve out special tax treatments for their supporters or use the tax code as a weapon against the industries they don't like. Tax preparers, tax consultants and estate planners who help people wade through legal options to avoid taxes. And lobbyist who lobby for narrowly designed tax treatments that give the companies they work for a competitive advantage.
The US Government collects approximately $3.6 trillion through taxes on individuals and businesses. $1.7 trillion or 47% of the $3.6 trillion is raised through the income tax and $1.2 trillion or 34% is raised through payroll taxes or social insurance taxes for Social Security and Medicare. Half of the social insurance taxes are paid by the individual worker and half by the employer. The corporate income tax (tax on profits) generates 10.6% of revenue and the remaining 10% is generated through capital gains, inheritance, and excise taxes and tariffs.
In addition to the direct taxes paid by individual tax payers and companies, the cost of complying with the tax code is immense. Corporations and individuals spend billions of hours and 100's of billions of dollars to prepare their taxes, to comply with all requirements and to develop schemes to avoid taxes. It is estimated that the cost just to comply with the tax code is well over $1 trillion a year. This is a terrible waste and hurts US competitiveness.
Our nation is extremely divided right now but this plan provides a unique opportunity for all of us to come together with a common purpose that will make the future better for all. This plan will benefit every American.
Our elected Representatives in Congress will not easily give up the power they derive from the current tax system. To abolish the tax code and implement the new tax plan, millions of Americans will have to voice their support for change and vote for candidates that will vote in favor of abolishing the current code, to repeal the 16th Amendment, and who will vote to enact a simple flat tax on corporate revenues.
The Federal Tax Code, combined with case law now exceeds 70,000 pages.
Impact of Abolishing the Current Tax Code
Savings for Individual Tax Payers - $2.52 Trillion
"Life, Liberty and the Pursuit of Happiness!"
Abolishing the Tax Code will save Individual taxpayers over $2.5 trillion per year. The average taxpayer will have an extra $14,000 per year in disposable income to spend, to pay off debts, to save or to invest for their future and the future of their families. It will get the government off the backs of hard-working Americans.
- No more Income Taxes - Saving $1.68 trillion
- No more Payroll Taxes - Saving $578 billion
- No more Capital Gains, Inheritance & Excise Taxes - Saving $264 billion
- No more taxes on the inflationary increase of investments
- No more having to sell the family business or farm just to pay the inheritance taxes
- No more excise taxes on gasoline or sin taxes on alcohol or cigarettes
- Abolishing all taxes on the individual will increase disposable income by 16% or $2.52 trillion.
- Take a look at your earnings statements or your 2019 W-2 and see how much Federal Income tax is withheld and how much is withheld for Social Security and Medicare Taxes. That is how much more you will have to spend, save or invest if the current Tax Code is abolished and replaced with a simple, flat tax on company revenues.
- You can go to https://smartasset.com/taxes/income-taxes to quickly calculate your current tax burden. This is how much you will save under this plan.
The 16th Amendment
Enacted February 3, 1913
"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
Prior to the ratification of the 16th Amendment government revenue was primarily derived from tariffs. Since the enactment of the 16th Amendment, the government's primary source of income has come from the income tax which now generates 51% of government revenues. Direct taxes on individuals in the form of the income tax and payroll taxes now account for $2.26T or 69% of federal revenue.
Unlike all of the other amendments to the Constitution which protect your God given rights, the 16th Amendment deprives you of the fruits of your labor, your liberty and your pursuit of happiness
Impact of Abolishing the Current Tax Code
Business Savings - $1.2 Trillion
- Corporate Income Tax abolished - Saving $198 billion
- Employer contribution to SS and Medicare Taxes abolished - Saving $578 billion
- Simplified Tax Reporting, Tax Avoidance & Lobbying - Savings of $400 billion +
- Total Corporate Savings are estimated to be $1.2 Trillion
Eliminating the Tax on Labor, Tax Avoidance and Lobbying
Payroll taxes paid by employers add 7.65% to the cost of labor. These taxes reduce the amount of labor a company can afford and reduce the wages paid to employees. It also increases the costs of government at all levels. Eliminating these taxes will increase employment, increase wages and will significantly reduce the cost of government.
Almost every decision in large US corporations is influenced by tax considerations. Companies have lawyers and accountants whose primary function is to lower tax exposure. By eliminating the current taxes on businesses, executives can focus on top line growth and increasing profitability.
The suburbs surrounding Washington DC are some of the richest zip codes in the country because they are loaded with lobbyist seeking favors from our elected representatives. Much of the lobbying effort is focused on gaining special, narrowly targeted tax breaks. These lobbyist will have to find something else to do, hopefully something constructive.
Life, Liberty and the Pursuit of Happiness
Getting the Government off the Backs of Hardworking Americans
The Federal Income Tax and Payroll Taxes take a significant portion of what every worker earns. Some people who go to work on Monday morning, don't start working for themselves or their families until Tuesday afternoon or Wednesday morning. This is unconscionable in the land of the free. By eliminating these taxes every worker will start working for themselves at 8:00 on Monday morning. Because the government derives most of its revenue from individual taxpayers, the government has full access to every workers full financial information. The government will have no need to know anything about your finances if the current tax code is abolished. You will never have to file another tax return. April 15th will be just another day.
The financial impact will be immediate and it will be huge. What would you do with $100, $200, $300 or even $1,000's of dollars more a month? You would be able to pay off credit cards, pay down student debt, buy a new car or move up to a bigger home. The total US economy will grow by 10% or more in the first year and will continue to grow above historical levels going forward. The Dow Jones Industrial Average will jump by as much as 25%. The United States will become the greatest tax refuge in the World.
Labor costs will decrease by at least 7.65% which should boost employment and wages. There will be less incentive to move manufacturing operations to low cost markets.
With the elimination of the payroll tax, government expenses should be reduced by 7.65% of payroll. In addition, disposable income for all government workers will increase by at least 7.65% and by as much as 30% for high earners. This should eliminate the need for salary increases for years and many state and local governments should be able to get their financial houses in order. Pressure for government assistance should also be reduced significantly.
US citizens will no longer have to fear the IRS. No more taxes, no more audits.
Securing the Future of America Tax Plan
So how will the Federal Government raise $3.42 Trillion?
The Federal Government currently collects ~$3.42 trillion through various taxes, tariffs and fees. The government will have to find a way to replace this revenue if the current tax system is scrapped. Several plans have been proposed including a consumption tax, value added taxes (VAT) and others. All have drawbacks. The Securing the Future of America Tax Plan is simple, will deliver the revenue and does not have any of the drawbacks of alternative proposals.
Here is the plan:
- A 10% Flat Tax on the adjusted gross receipts of all US businesses.
- *adjusted gross receipts equals gross receipts minus receipts from resale activity and exports
- A 5% tax on receipts from resale (includes all retail sales)
- A 5% tax on receipts from export goods and services
- A 5% tax on imports
That's it, no deductions, no exceptions.
Total business receipts are $37 trillion.
Exports equal $1.6 trillion.
Imports equal $2.4 trillion.
Receipts from resale, including all retail sales equals approximately $5.0 trillion.
Using a static analysis, this plan would generate $3.5 trillion or the same amount that is currently generated by all current taxes and tariffs.
A dynamic analysis, which would factor in the economic impact of the increase in disposable income and elimination of the company contribution to Social Security and Medicare taxes and the corporate income tax would likely show a significant increase in tax revenues.
Additional Information
Action Plan
Details of the Future of America Tax Plan
Steps to Real Tax Reform
Build support through website and social media presence.
Steps to Real Tax Reform
Details of the Future of America Tax Plan
Steps to Real Tax Reform
Gain Support for legislative action to abolish the Federal Tax Code in its entirety.
Repeal the 16th Amendment.
Replace current Tax Code with a simple flat tax on company revenues and imports.
Details of the Future of America Tax Plan
Details of the Future of America Tax Plan
Details of the Future of America Tax Plan
Simple
Fair
Will recapture American Economic Dominance
Securing Social Security and Medicare
How will the new tax plan benefit me and my fellow citizens?
Details of the Future of America Tax Plan
Social Security and Medicare are currently funded through payroll taxes, half paid by the employee and half by the employer. These programs now consume nearly 50% of the Federal budget and it is estimated that Social Security will be out of money by 2035 unless changes are made. See how this plan will fix the problem and guarantee that Social Security and Medicare benefits will be there for those who need it.
How will the new tax plan benefit me and my fellow citizens?
How will the new tax plan benefit me and my fellow citizens?
How will the new tax plan benefit me and my fellow citizens?
This plan will directly benefit every single American.
Why should you get involved?
How will the new tax plan benefit me and my fellow citizens?
How will the new tax plan benefit me and my fellow citizens?
By joining this effort you will help recapture the promise of America where all of us will have the best opportunity to thrive, take care of each other and our families and allow us to regain the mantle as the Land of the Free.
Details of the Future of America Tax Plan
Target Revenue
The Government collected approximately $3.42 trillion through various taxes, tariffs and fees in 2019. Government revenues were about $1.1 trillion less than Government spending which was greater than $4.5 trillion. The National Debt is rapidly approaching $26 trillion. The Future of America Tax Plan is designed to be revenue neutral meaning it will generate the same revenue as the current tax code. The new tax plan is designed to increase economic growth at a significantly greater rate than the currently tax plan. Higher growth will generate higher tax revenues.
Key Economic Data 2017
- Gross Business Receipts $37.0 trillion
- Imports (Goods and Services) $2.90 trillion
- Exports (Goods and Services) $2.35 trillion
- Total Resale* $5.00 trillion
- Total payroll $6.73 trillion
- Number of Businesses ~ 6 million
Gross Receipts Tax
We are proposing a 10% tax on the total adjusted gross receipts of all US businesses. Adjusted gross receipts are the total receipts of $37 trillion minus revenues from resale items* and exports. Revenue generated from exports and resale will be taxed at 5%.
- Gross Receipts Tax = (AGR x 0.10)+(EXP x 0.05)+(RSL x 0.05) where AGR is Adjusted Gross Receipts, EXP is exports and RSL are receipts from resale activity which includes distributor and retail sales.
- GRT = (($37.0T-$2.35T-$5.0)x0.10) + ($2.35T x 0.05) + ($5.0T x 0.05)
- GR Tax will generate approximately $3.3 trillion
There will be no other adjustments to gross receipts. There will be no tax credits, no deductions, no exceptions. Every industry, every business will be treated the same. The tax code will not be used to provide economic advantage to any company or industry.
Tax on Imports
The tax on all imports will be set at 5%. This will include all imports, whether a finished product or raw materials used in the manufacture of products in the US.
- Tax on Imports= ($2.9T x 0.05)
- Will generate $145B
Total Government Revenues
In a static analysis Total Government revenues will be approximately $3.45T.
In a dynamic analysis, where expected economic growth is taken into account, government revenues could be as much as 10% higher.
One Time Catch-Up Tax on Tax-Deferred Retirement Accounts
IRA's and Company sponsored 401K plans have allowed millions of Americans to defer the taxes on earned income by putting a portion of their income into tax deferred savings accounts and not pay taxes until that money is withdrawn. Under this tax proposal, the tax on this earned income would be due. Once the tax is paid, the plans will revert to regular savings and investment plans. This plan proposes a 10% Tax on the total current value of the individual's tax deferred savings account. There will be an option to offset this tax liability as explained in the section on Securing Social Security and Medicare.
It is estimated that this catch-up tax will generate $200 to $400 billion. This windfall that will be applied directly to the Federal Debt.
Securing Social Security and Medicare
This Plan Guarantees the Financial Viability of Social Security
First and foremost, anyone 50 or older is grandfathered into the existing Social Security System.
As currently structured, Social Security and Medicare are not sustainable. The Securing the Future of America Tax Plan will change the funding mechanism for these programs and will give some people the opportunity to opt out, thus guaranteeing benefits for all future generations. It is immoral for the government to be taking money from young workers today with the likelihood that there will be no money left when they retire. It needs to be fixed now.
Social Security benefits are a government obligation and will now be funded out of the General Fund as will all other programs. Politicians will not be able to say Social Security is out of money, they will just have to balance spending.
Structural Changes
Currently the employee and employer are taxed 6.5% on wages up to $137,700 for Social Security. 1.45% of wages are withheld from both the employee and employer for Medicare with no limit on wages. Earnings over $200,000 are taxed an additional 0.9% for Medicare. In addition, once someone starts collecting Social Security benefits there are limits on how much a person can earn. If the limits are exceeded you may have to pay back $1.00 for every $2.00 you earn over the limit. And, benefits are taxed. This is a huge rip off of people that have worked all of their lives and paid into Social Security. In addition, if you earn too much, your Medicare Part B premium will increase significantly.
Social Security was created in response to the Great Depression when millions of people lost everything they had and the elderly in particular had no way to recover. Many elderly people still rely heavily on their monthly Social Security checks which average just over $1,500. It is important that we guarantee this benefit for future generations.
Social Security is a contributory plan, meaning anyone who has contributed has a right to the benefit. As a result we are providing benefits of up to $3,000/mo to millionaires and billionaires.
It is certainly reasonable to expect high earners to plan adequately for their retirement and not rely on a Social Security check to make ends meet in retirement. Under the Future of America Tax Plan, everyone under 50 will receive the same benefit when they retire. In current $'s this will be around $1500/mo. Means testing should also be considered.
Opt Out Provision
Under the new tax plan a 10% tax will be assessed on the total value of all tax deferred savings plans. Anyone 50 and over will be able to use their lifetime contribution to Social Security as a credit against this tax liability in exchange for a reduction in their Social Security retirement benefit. Those under fifty can also use their Social Security contribution as a credit against their tax liability but benefits will not be reduced.
How will the new tax plan benefit me and my fellow citizens?
More Disposable Income
You will have more money, a lot more money, to spend, save and invest. Americans will have $2.5 trillion more in disposable income. This will lead to the greatest period of economic growth in our lifetime.
Lower Unemployment, Higher Wages and Improved Competitiveness
The cost of labor will be reduced by at least 7.65% allowing companies to hire more employees and increase wages. With lower labor cost and a low tax on exports, manufacturing will return to America, creating millions of new jobs.
Lower the cost of government at all levels
Government costs will be reduced by 7.65% of payroll. This will affect Federal, State and Local governments taking pressure off tight budgets. Should lead to a reduction in state and local taxes.
The US will be the World's Tax Haven
With no income or capital gains taxes, billions, if not trillions of dollars from around the globe will flow into the US. The US will solidify its position as the largest and freest economy in the world for decades to come.
A Repurposed IRS
Instead of focusing on the collection of taxes from individual tax payers, the primary focus of the IRS will be to collect taxes from about 6 million businesses. The agency will also scrutinize all government spending programs and all recipients of Federal dollars. 100's of billions of tax dollars are lost to waste, fraud and abuse every year and the New IRS will be responsible for eliminating these loses.
And So Much More
Why should you get involved?
With your help, we can change the future
This plan to abolish the tax code and replace it with a simple flat tax on company receipts will be transformative. Not only will it return trillions of dollars to those that earned it, it will take tremendous power out of the hands of politicians. We will no longer send our money to Washington where it is spent on programs which are out of the purview of the our Federal Government or is simply wasted. This plan will benefit not only us, but our children and all future generations. Let's leave them a better world. We can do this.
We can't do it without you
Politicians derive a great deal of power and influence from the current tax system. They use it to provide favors to campaign donors and to penalize companies or entities they don't like. It will be difficult to get the majority of elected officials to vote for this plan unless we have very strong support. We need millions of supporters to get this on the legislative agenda.
Do this for you and your family and for future generations.
Sign up so we can keep you appraised of our progress.