The Valentine Constitution replaces all taxes with only one tax: 5% on both the buyer and the seller in every transaction. Everybody pays: religions, non-profits, for profits, businesses, consumers, children, wholesalers, retailers, middlemen, brokers, stock traders and barterers. No other taxes or fees of any kind will be levied by any government or department.
This “nickel and dime tax” will remove corruption from our government by prohibiting tax subsidies and favorable tax treatment to any person or company. The 5% tax will be immediately deducted from the bank account of all buyers and all sellers then immediately evenly distributed to government departments as dictated by our transparent budget. Apps will allow us to easily track our tax revenues, government budgets and expenditures, and to rate the spending and performance of government departments and contractors.
No more income, payroll, property, estate or other taxes, no tax returns, and more financial privacy. No tax evasion or fraud will even be possible. Businesses and citizens will be able to save all the costs in money, time and aggravation now spent on taxes, planning, preparation, filing, enforcement and auditing, and spend it making money. The transaction tax frees up job-creating businesspeople to do more business and create more jobs. It creates more home owners since 25% of the cost of home ownership is property tax. And it eliminates the large year-end balloon payments that stifle so many plans.