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100 Million Unnecessary Returns: A Simple, Fair, and Competitive Tax Plan for the United States Hardcover – January 21, 2008
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Paul N. Van de Water
I have not read this book, it is not in the County Library System. I have read others. If the 1940 tax plan was his ideal, all we have to do is to re-adopt that system.
But the powerful Federal Reserve Bank, which gets the weekly payments, won't give up this interest-free money. Nor will all the powerful corporations who get special treatments. The standard deduction then was $3,000 or so. THAT must be increased to $75,000 (twenty-five times greater).
The Value Added Tax is a very high sales tax, like the mis-named 'FairTax', designed to oppress ordinary people. The first income tax law put a higher rate on unearned income (interest, dividends, royalties, etc). Some wouldn't want this either, but visit the FairTaxFraud dot com site for alternate taxing systems.