The Financial Freedom Act is brought to you by the Foundation for a Better Economy

ENGINEERING ECONOMIC VITALITY FOR ALL

© 2019 The Foundation for a Better Economy, Boulder, CO

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The Bill You Want Congress to Pass

A new bill is coming before Congress that would reduce your taxes, balance the budget, pay off the national debt, and provide you with basic income, healthcare and college.

Watch a White Board Video on the Financial Freedom Act

The Financial Freedom Act

Here's What's Inside the Financial Freedom Act

The Act Reduces Your Taxes

The amount of payments made in our economy each year total over $5,000 trillion. Compared to the $16 trillion we collectively earn, the payments in our economy exceed the income of everyone in our nation by over 300-times.

Simply by placing a small fee of 20 cents on every $100 that anyone receives, we could drop the tax rate from 39% to 0.2% and eliminate all income, sales, and property taxes.

What the Act Means for You

If you earn $100,000, your taxes

would drop from $45,00 to $200.

The flow of dollars shown in the video block above equals $250 million per year. It would take 20 million of the above video blocks running simulateously to show the volume of payments in our economy.

At a rate of just 0.2%, a payments tax would balance the budget even while providing all the below benefits. And we could pay off the national debt in six short years.

The Act Balances the Budget and Pays Off the Debt

The Act Provides New Benefits for Everyone

Basic Income

With a payments tax of 0.2% we could afford to pay every adult citizen in America a basic income of $24,000 per year, which would increase to $30,000 at age 70.

Earned Income Credits

A payments tax would provide earned income credits to increase the income of citizens earning less than $30,000.

Basic Healthcare

A payments tax would fund free basic healthcare for all citizens.

Free College

A payments tax would fund a reasonably priced college education for all.

Banking 2.0 

Banking 2.0 funds startups, cuts the cost of mortgages, and brings profit from international finance back home.

The Act Improves Our Financial Well Being

See How You Would Benefit

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Use the button below to see how much the act would improve your bottom line.

See How Others Would Benefit

Scroll the slide show below to see how six families fare.

A Couple Earning $10,000

HOW THEY FARE TODAY

Salary

Minus Taxes

Earned Income Credit

Basic Income

Net Disposable Income

$10,000

-$765

$4,010

$0

$13,245

$10,000

-$18

$5,000

$48,000

$62,982

Behind the Financial Freedom Act

Scott Smith is the author of The New Operating System for the American Economy. As a citizen concerned about our nation's future, he embarked on a mission to find a nonpartisan solution to poverty, Social Security, the decline of our middle class, our deficit, our skyrocketing national debt, and the high cost of taxes, healthcare, and college.

 

Years of research led him to develop the Financial Freedom Act as a bill that Congress could pass, which would provide the benefits presented on this site. He created the Foundation for a Better Economy to promote the bill, and retained a law firm in Washington, DC to advocate it before Congress.

Read Emma's White Papers

Emma Dahl has worked as an economic analyst for the Financial Freedom Act for the past two years. She holds a BA in economics from Colorado State University and is currently pursuing a Masters in Business Analytics and Big Data from IE Madrid. In her free time she enjoys Salsa dancing and travel.