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 according to our transparent budget. Apps will track our tax revenues and expenditures, and allow Citizens to rate government and contractor performance.
The NICKEL and DIME TAX eliminates corrupting tax subsidies to special interests; saves businesses 10% of revenues now spent on tax compliance; allows more Citizens to buy homes since 25% of the cost of home ownership is property tax which won’t exist; removes the inconvenience, confusion, stress and expense of annual tax compliance and large annual tax bills; allows the time and money saved to be invested in more productive, happier pursuits. This nickel and dime approach to taxation makes our lives easier, saves us time and money, increases productivity and holds government more accountable.