Dear President Donald Trump
Please understand and have your advisors understand the following critical advantages to Americans and America.
2% LIBERTY TAX takes EXISTING TAXES on employment, profits and goods and services off the PRICES of goods and services.
To the reduced costs and PRICES it only adds a single simple 2 cents in the dollar LIBERTY TAX.
In Australia with the reduced PRICES, the workers’ take-home-pays can buy 40% more goods and services. Far better than a 40% pay rise which is taxed.
Also, at no cost to employers, the goods and services of the business are now competitive against Made in China and BRICS and can replace imports.
This creates jobs and better paid jobs for Australian/American workers with the 2% LIBERTY TAX paid by employers.
2% LIBERTY TAX is a WIN/WIN for workers, employers, businesses and all Australians/Americans and Australia/America.
If the average monthly take-home-pay net of TAX and SERVICE CHARGES of a USA worker is $4,688, the 40% increase in purchasing power is $1,875 per month per worker. For the USA workforce of 168 million that is a National increase in purchasing power of $315 Billion per month and $3,780 Billion per annum. To avoid demand driven inflation workers to be encouraged to pay off their debts to secure ownership of their homes.
To fully fund Government 2% LIBERTY TAX is paid by ALL including businesses, other entities, and government on the Open Market Value of All Changes Of Ownership (ACOO) which includes all spending, investment, trading in commodities, currency, etc. banking and insurance and in speculation in products including gold and silver. Please have the research done in the USA to establish value of ‘ACOO’.
The cost of all Government in the USA is reduced by eliminating the TAX Merry-Go-Round where TAX is deducted from the gross pays of 3 million Public Service workers and paid to Government. At present the gross pays are included in the cost of Government and the deducted tax is included in the revenue of Government, all at great expense, which is eliminated with 2% LIBERTY TAX.
It’s time to build respect for, and the esteem of, the USA workforce of 168 million NOT to create FEAR of losing their jobs which destroys their innovation and productivity.
Anybody can sack workers. It takes thinking, innovative and compassionate Management to get the very best out of a worker.
Focus on what 2% LIBERTY TAX can do for your Presidency and the American People by having it researched and implemented ASAP.
Kind regards
Derek Smith CA