To: President Donald Trump, The United States House of Representatives, and The United States Senate
It's time to adopt the Progressive Self-Adjusting Flat Tax
Urge Congress to adopt the Progressive Self-Adjusting Flat Tax, which lowers taxes for all taxpayers while doing away with budget deficits and ultimately eliminates the National Debt.
Why is this important?
The Progressive Self-Adjusting Flat (SAFT) is fair, lowers taxes for everyone, eliminates budget deficits and eliminates the National Debt within a predetermined period (around 15 years or less). If adopted, SAFT will bring confidence in the American economy back to Americans as well as to the rest of the world, which is so dependent on America's economic health.
Please see the video presentation: http://www.youtube.com/watch?v=82b7cTX53mk.
SAFT uses an EXCEL spreadsheet (Tax Calculator) based on the IRS's own spreadsheets to achieve its ultimate goal of a "Revenue-Neutral" budget after the National Debt is eliminated.
SAFT sets permanent Tax rates of which the lowest is 5% for incomes between $15,000 and $50,000 and the highest is 20% for incomes over $10,000,000.
With "full" employment, once the National Debt is paid off, the SAFT permanent tax rates might even have to be set lower to maintain a Revenue-Neutral State.
Please see the video presentation: http://www.youtube.com/watch?v=82b7cTX53mk.
SAFT uses an EXCEL spreadsheet (Tax Calculator) based on the IRS's own spreadsheets to achieve its ultimate goal of a "Revenue-Neutral" budget after the National Debt is eliminated.
SAFT sets permanent Tax rates of which the lowest is 5% for incomes between $15,000 and $50,000 and the highest is 20% for incomes over $10,000,000.
With "full" employment, once the National Debt is paid off, the SAFT permanent tax rates might even have to be set lower to maintain a Revenue-Neutral State.