HOW TO CUT TAXES
Collectively, we earn $20 trillion per year.
There are over $7,244 trillion in payments each year.
We Should Not Tax Income!
If we taxed payments instead of income, your tax rate would drop all the way down to 0.2%.
There Are Two Economies at Play
The material economy is the flow of goods and services. The monetary economy is the trading of financial assets, which is 350-times the size of the material economy.
The Monetary Versus the Material Economy
We're Taxing the Wrong Thing!
The large blue sphere represents the total payments in the monetary economy.
We are taxing the red sphere when we should be taxing the blue sphere!
The tiny red sphere represents the total payments in the material economy.
What a 0.2% Tax Rate Would Mean for You
If you're single and earning $30k, your taxes would drop from $6k to just $60 .
A Bar Chart Comparing Our Income to the Total Payments in the Economy
The volume of payments in our economy - $7,244
Versus our income -