Dear President Donald Trump.
EXISTING TAXES breed a society of liars and cheaters for tax avoidance and evasion which
then easily carries over into their relationships with others. Once a liar always a liar,
LIBERTY TAX creates an Open and Honest society for effective and efficient compliance.
Shoppers can have an App on their smart phone to check the reduced prices and if the price
is too high, scan the item and push a button to report it to the business and a compliance
authority.
Ultimately the marketplace will enforce compliance because if a business does not fully
reduce its prices, shoppers will go elsewhere, and the business will close.
Critically, there is NO EXISTING TAX SLAVERY with LIBERTY TAX, with workers’ take-
home-pay buying much more goods and services at PRICES less EXISTING TAX. All
Americans can rejoice at being FREE from EXISTING TAX SLAVERY and identify with you
as their LIBERATOR.
Think about the simplicity and cost savings LIBERTY TAX brings to your 33+million small
businesses. They only account for the changes of ownership they enter into, and calculate
the LIBERTY TAX included in the total, and pay this LIBERTY TAX to Government Treasury.
A simple single page TAX RETURN.
NO calculation of profit, including claiming of expenses, depreciation of fixed assets,
calculation of the value of inventories, revaluation of fixed assets, capital gains, etc.
For individual taxpayers they only account and report to Government the Changes of
Ownership they privately enter into, such as the private sale of a car. The LIBERTY TAX on
their pay is accounted for and paid to Government by their employer. The stores account for
and pay to government the LIBERTY TAX included in the PRICES of their shopping. Only a
single simple one page Annual Tax Return is lodged with Government.
It is reported that in 2024, individual taxpayers spent an average of 13 hours and $290 filing
their tax returns. 44% were self-prepared and 56% were prepared by a professional at a
much higher cost. Small business needs to devote 175 hours a year to comply with
corporate, labour, and sales taxes and spend up to $5,000.
The NTUF report – All told, Americans will spend 7.1 billion hours, worth $464 billion in
expenses and lost productivity complying with the tax code for tax year 2024.
It’s not just the hours and their cost but the waste of the qualifications, training, knowledge
and experience of Americans involved in accounting, compliance, reporting and payment of
taxes. These skilled Americans are urgently needed to help business accurately account and
report their Volume/Cost/Price MIX and their Export Cost INDEX so that ‘Made in America’
can replace ‘Made in China and BRICS’ to MAGA.
The annual payback to America with LIBERTY TAX is $Trillions.
Please have Elon Musk meet with me to PLAN the research and implementation of LIBERTY
TAX in 2025/2026.
Derek Smith CA
Your Aussie Mate