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5% from Buyer and Seller
#TheValentineConstitution replaces all #Taxes with a #SingleTax of 5% on both the buyer and the seller in every transaction. No other taxes or fee-based taxes of any kind will be levied by any government or department.
#TheValentineConstitution has only one tax. There’s nothing to file and no other taxes to pay.
#TheValentineConstitution single tax ends the confusing annual expense of money, time and stress now spent on income taxes.
#TheValentineConstitution takes an unnoticeable amount of tax out of each transaction saving us the time and hassle of tax returns.
#TheValentineConstitution eliminates payroll, income and other taxes that cost small businesses 10% of their revenue and/or time to comply with.
#TheValentineConstitution single tax saves small businesses 10% of revenues now spent on onerous payroll, income and other tax compliance.
#TheValentineConstitution transaction tax eliminates the large year end balloon payments of income tax and property tax.
Under #TheValentineConstitution there will be no tax write offs or any other complicated tax policies, only a single transaction tax of 5%.
#TheValentineConstitution transaction tax results in a more stable and productive banking and business environment.
#TheValentineConstitution eliminates income, property, payroll and estate tax in favor of the transaction tax which takes 5% from all buyers and sellers in every transaction wholesale or retail.
#TheValentineConstitution replaces income, payroll, property, estate and all other taxes with a single tax of 5% on buyer(s) and seller(s) in every transaction.
#TheValentineConstitution allows taxpayers to earn money off of what used to be deducted from their paychecks.
#TheValentineConstitution transaction tax allows property tax to be used to pay the mortgage instead of property tax.
#TheValentineConstitution eliminates property tax which is 25% of the cost of home ownership, allowing more Citizens to own their own homes.
#TheValentineConstitution creates more home owners by eliminating property tax which is 25% of the cost of home ownership.
#TheValentineConstitution transaction tax revenues will equal all current tax revenues.
#TheValentineConstitution transaction tax will take in as much tax as we do now.
#TheValentineConstitution transaction tax will take in as much as all our current city, county, state and federal tax revenues combined.
#TheValentineConstitution eliminates all taxes but one, a tax of 5% on all transactions of any kind.
#TheValentineConstitution eliminates time consuming tax compliance.
Spend more time making money and none on tax strategies and compliance. #TheValentineConstitution
#TheValentineConstitution single tax saves the costs in time, money and aggravation now spent on planning for and complying with taxes so that businesses can do more business and create more jobs.
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No Tax Subsidies
No tax evasion or fraud will even be possible under #TheValentineConstitution
Everybody pays the single tax: religious institutions, non-profits, for profits, businesses, consumers, children, wholesalers, retailers, middlemen, brokers, stock traders, barterers. #TheValentineConstitution
#TheValentineConstitution removes corruption from our government by prohibiting tax subsidies and favorable tax treatment to any person or company.
#TheValentineConstitution prohibits tax subsidies to eliminate the corruption that goes with them.
#TheValentineConstitution eliminates tax subsidies which now allow oil and other corporations to avoid paying tax at all.
The nickel and dime tax removes corruption from our government by prohibiting favorable tax treatment to any person or company. #TheValentineConstitution
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International Tax
#TheValentineConstitution will require any foreign company doing business with an American company anywhere in the world to have an account and pay the transaction tax.
#TheValentineConstitution will require any person or company buying or selling or trading anything of value to or from or in America to have an account and pay our 5% tax.
A company not complying with the transactions tax will not have an account and be unable to do business in the USA, or with American companies, or with foreign companies who do business in the USA. #TheValentineConstitution
#TheValentineConstitution will require any foreign company doing business with an American company to have an account subject to the transaction tax.
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Traceable Tax
Algorithms are all that’s needed to detect fraud. No invasion of privacy is needed unless the algo is tripped. Cyber crime will be out in the open with single accounts. Even dummy accounts will be taxed. #TheValentineConstitution
The direct traceability of tax revenues to their expenditure allows for streamlined accounting and accountability. #TheValentineConstitution
#TheValentineConstitution provides that every tax dollar is credited directly to a specific budget line item and accounted for to our Citizens who vote on the budget every 12 years.
#TheValentineConstitution requires the daily posting of each dollar’s expenditure from our budget viewable by all Citizens at all times.
#TheValentineConstitution apps will allow Citizens to easily track tax revenues, budgets and expenditures.
#TheValentineConstitution apps will allow Citizens to rate the performance of government contractors so we’ll end up with the best value for our tax dollars.
#TheValentineConstitution ensures our government will not lose $2.1 trillion from our defense budget as we did once.
The single bank account prevents payment practices designed to get around the transaction tax because any given person has only one account #TheValentineConstitution
The single bank account and single government account prevent fraudulent payment practices designed to get around the transaction tax because money and what it buys is traceable in one’s account. #TheValentineConstitution
The collected transaction tax goes directly where budget says. No shutdowns will be possible. #TheValentineConstitution