Dear President Donald Trump
Preplanning for the preparation of a PLAN with Elon Must for the research and
implementation of LIBERTY TAX (LT)
By industry, by State and separately the Federal Government –
1. EXISTING TAXES to be taken off costs and prices of goods and services and all
government.
2. The Open Market Value (NO transfer pricing to evade TAX) of All Changes Of Ownership
(ACOO) into, within and out of each State and the Federal Government.
a. The LT on ACOO that can be directly identified to a State goes to the Treasury of
that State.
b. The LT on all other ACOO goes to Federal Treasury.
3. Prepare an Expense Budget showing the REDUCED COST of government as a result of
taking OFF EXISTING TAXES as in (1)
4. Prepare a Revenue BUDGET showing EXISTING REVENUES less the EXISTING
TAXES to be taken off costs and prices of goods and services and all government as in
(1) and the Net of these two items to be continued to be received as Revenue.
a. Include in the Revenue BUDGET the LT revenue in (2)
5. Prepare a BUDGET SUMMARY showing the EXPENSE BUDGET in (3) and the
REVENUE BUDGET in (4) showing the BUDGET SURPLUS less the DEBT redemption
for the year and the number of years to pay off all DEBT.
The Banks are substantially involved in ACOO The purpose of the Banks is
1. To receive Depositors money. To be held securely and not subject to risk and lost. Also,
to pay a market rate of interest to Depositors.
2. To create Credit for borrowers secured by mortgage over the property of the borrowers.
Also, to charge a market rate of interest to Borrowers.
3. To manage the approval of Borrowers’ and subsequent Borrowers’ Accounts to mitigate
BAD DEBTS.
4. To facilitate the payment of accounts using
a. Cash from 24hour teller machines.
b. Credit and Debit Cards on Customers’ accounts.
c. Electronic transfer of funds from and to Customers accounts.
Relating the above to ACOO results in the following.
1. ACOO into America –
a. transfers of funds from Overseas Bank Accounts to American Banks involves an
EXCHANGE of Foreign Currency. This is an ACOO and subject to LT.
b. Interbank settlements into America are an ACOO and subject to LT.
2. ACOO within America –
a. deposits of funds into or out of a Deposit Bank Accounts is NOT an ACCO. LT
does not apply.
b. Use of a Bank Debit Card on a Deposit Account is NOT an ACOO. LT does not
apply.
c. fees charged by a Bank to use a Bank Debit Card are an ACOO and subject to LT.
d. Interest paid by a Bank on a Deposit Account is an ACOO and subject to LT.
e. a withdrawal of funds from a Loan Bank Account is an ACOO and subject to LT.
f. interest charged by a Bank on a Loan Account is an ACOO and subject to LT.
g. a repayment of the principal of a Loan Account is an ACOO and subject to LT.
h. Use of a Bank Credit Card on a Bank Account is an ACOO and subject to LT.
i. fees charged by a Bank for use of a Bank Credit Card are an ACOO and subject to
LT.
j. Interbank settlements within America are an ACOO and subject to LT.
k. Bank long term fixed interest rate borrowings, with Depositors’ money as security,
Bank short term variable interest rate investments and Derivatives for mega
Executive bonuses, all subject to LT. NOTE: These caused the 2008 Global
Financial Crisis (GFC). These must be outlawed to STOP the next GFC.
3. ACOO out of America –
a. transfers of funds from American Bank Accounts to an Overseas Banks involves
an EXCHANGE of Foreign Currency. This is an ACOO and subject to LT.
b. Interbank settlements out of America are an ACOO and subject to LT.
With Easter, it Is time to resurrect American and Australian Mateship and have researched
and implemented LIBERTY TAX. Please see https://2percent-liberty-tax.com/
When Americans and Australians hear this from you for Easter, the Celebrations will ring out
around the Western World,
Best wishes for Easter and a New Future for all.
Derek Smith CA