If we’ve learned anything from the continuing, government-manufactured financial crises that have become a seemingly favorite sport for the political class it’s that we need to replace our antiquated tax code of punishing a rapidly decreasing labor force in this country in favor for a modernized tax code that makes sense, takes the onus off of labor, and eliminates all direct federal taxes on citizens.
What is The Neutral Tax?
The Neutral Tax is a flat, federal tax on gross state government revenue
Benefits of The Neutral Tax
- Eliminates the federal government’s micromanagement of tax policy
- Compatible with most other tax reform proposals (implemented at the state level)
- Enables each state to design its preferred tax structure
- Eliminates the federal monopoly on tax policy
- Eliminates all direct federal taxes on citizens
- Eliminates the IRS as we know it
- Makes repeal of the 16th Amendment (the federal income tax) practical
- Eases future tax reform efforts — no more decades of debate
- Integrates federal, state and local taxation policies
- Makes the US more competitive internationally
- Inherently non-partisan policy makes it easier to enact with bipartisan support
The Neutral Tax is deceptively simple. It eliminates all current federal taxes on citizens and businesses (including federal income, payroll, personal income, unemployment, corporate, gift, estate, capital gains, alternative minimum, self-employment, gasoline, etc.) and replaces them with a singular flat tax on the gross revenue of each state government (including all local taxes and fees)
Additional information available in The Neutral Tax FAQ [here].
Read The Neutral Tax White Paper
Sound interesting? The Neutral Tax White Paper below explains The Neutral Tax in more detail: