Single Tax

ARTICLE.  VII.

Our  ECONOMY

PART.  II.     A  SINGLE  TAX

Section.  1.   ONE tax only: 5% on buyer and seller …

The Valentine Constitution replaces income, payroll, property, estate and all other taxes with a SINGLE TAX of 5% on both the buyer(s) and the seller(s) in every transaction. Everybody pays: religions, non-profits, for profits, businesses, consumers, wholesalers, retailers, middlemen, brokers, stock traders, barterers. No other taxes of any kind will be levied by any government or department. The 5% tax will be immediately deducted from the bank accounts of all buyers and sellers and the tax revenues will be immediately distributed to the government department as dictated by our transparent budget.

The SINGLE TAX prohibits corrupt tax subsidies to special interests; saves businesses 10% of revenues now spent on tax compliance; ends the confusing annual tax expense of time, money, stress and big disruptive annual tax payments; and creates more home owners since 25% of the cost of home ownership is property tax.

Apps will track our tax revenues, government budgets and expenditures, and allow Citizens to rate the performance of government contractors. This nickel and dime approach saves time and money and makes all our lives easier.

PART.  III.     Our  BUDGET

Under our current constitution, our TOTAL national budget is allocated as follows: 22% to interest on our debt; 31% to Medicare and Medicaid; 27% to Social Security; and 13% to the military and veterans’ benefits = 93%, leaving only 2% for schools, 2% for infrastructure, 1% for the environment and 1% for running our government!

Section.  1.   All American governments and departments must maintain annually balanced budgets, AAA credit ratings, and annual trade surpluses …

Section.  2.   Budget expenditures would be limited to the general percentage amounts approved by the Citizens …

Section.  3.   The general percentage amounts of Our Budget shall be approved by the Citizens every 12 years

Section.  4.   Every dollar of tax and its expenditure shall be simply accounted for to Our Citizens and departments can’t have overlapping responsibilities …

Section.  6.   Anyone receiving monetary assistance from our government must pay it back later when possible …

Unemployment or welfare or food stamps must be paid back if the borrower is later able to pay it back or work it off, so others can use the assistance in THEIR time of need.

Section.  7.   Welfare” monies must be spent only on basic essential goods and services, and not extravagances.

Bad food choices create poor health adding more costs in free health services for the poor. Spending unemployment money on tickets to a ball game is absurd. Read More