Dear President Donald Trump
From my understanding of the TAXES in each of the States and by your Federal Government, there is significant inequity as to how Americans are taxed across America. This is inappropriate for a Nation that prides itself that every American is equal under the law of the land
With 2% LIBERTY TAX every individual, business including International Corporations, other entities including not-for-profits, trusts, foundations, charities, religious bodies, sporting clubs, etc. etc. are all TAXED at 2 cents in the dollar on the Open Market Value of All Changes Of Ownership (ACOO) into, within and out of America.This is fair and equitable to enjoy the Freedom and Democracy of living, doing business and any other activity in America.
On the implementation of 2% LIBERTY TAX ALL prices of goods and services can be reduced and compliance is enforced by the market place. Shoppers can have an App on their smart phone or watch to check the reduced prices. If a business does not fully reduce its prices, shoppers will go elsewhere and the business will fail.
On the first anniversary of implementation prices of goods and services will be further reduced as business, etc pass on to consumers their substantial reduction in the cost of TAX admin, accounting, reporting, payment and compliance. Again, this can be a controlled process with businesses who don’t pass on the fully reduction in their costs, losing customers and their business.
As America starts to manufacture/produce all that it needs for Americans to enjoy a high living standard, retail outlets to be required to disclose the Country of Origin of all products and services so that Americans have the freedom of choice to buy Made in America and boycott Made in China and the BRICS Nations.
To me, the diversity of the Population of Countries like America and Australia, gives them a significant advantage over Nations with a homogeneous population. Or as they say in France “Vive la Différence”.
Diversity creates innovation and invention which bring prosperity to the People and the Nation.
All of the above can happen with 2% LIBERTY TAX. The alternative is a continuation of America sliding into the abyss.
Kind regards
Derek Smith CA