Dear President Donald Trump.
Please see my letter 15 June 2025 about
“How the Governments control the People, and the People fund the Governments with TAX
SLAVERY.
My research shows the following-
EXISTING TAXES and Government Charges are up to 50% of the PRICE of a loaf of bread,
to build a house, a litre of fuel, a week’s childcare, a week’s aged care and almost everything
else.
Americans work for more than half a year to pay EXISTING TAX and Government charges.
Your 170+million workforce pay their TAXES TWICE.
ONCE when deducted from their gross pay.
TWICE when their TAX is included in the PRICES of goods and services, they pay for from
their NET of TAX take-home-pay.
THIS is Government control of Americans and TAX SLAVERY by the American Government.
LIBERTY TAX changes the above so that-
“The Governments control the Banks and the Banks fund the Governments”.
LIBERTY TAX is applied to the Open Market Value of All Changes Of Ownership (ACOO)
into, within and out of the USA.
LIBERTY TAX applied to the Banks is as follow–
1. Depositors’ money deposited with a Bank are not an ACOO.
2. Interest paid by the Bank on Depositor’s Money is an ACOO. The Bank pays LIBERTY
TAX on the interest to the Government. The expense to the BANK is the Interest plus the
LIBERTY TAX
3. A loan by a BANK is an ACOO. The Bank adds the LIBERTY TAX to the Loan and then
pays the LIBERTY TAX on the loan to the Government.
4. The interest charged on the loan by the Bank is an ACOO. The BANK adds the LIBERTY
TAX to the interest and pays the LIBERTY TAX on the interest to the Government.
5. Bank fees charged by the BANK for a Loan is an ACOO. The Bank adds the LIBERTY
TAX to the fees and then pays the LIBERTY TAX on the fees to the Government.
6. The Customer pays the Bank fees including LIBERTY TAX and the Bank credits the
Customer’s loan account.
7. The Customer pays the Bank the loan principal instalment plus the interest plus the
LIBERTY TAX and the BANK credits the Customer’s loan account.
8. Domestic inter bank settlements are an ACOO. The Bank making the settlement pays the
LIBERTY TAX on the settlement amount to the Government.
9. International inter-bank settlements are an ACOO. The Bank making the settlement pays
the LIBERTY TAX on the settlement amount to the Government.
10.The employees’ take-home-pays, allowances, benefits, employer’s super contributions,
i.e. all moneys or equivalents received by the employees, is an ACOO. This Bank pays
the LIBERTY TAX on the employment expense to the Government.
11.The Bank securitises its assets and borrows long term at fixed interest rates. This is an
ACOO. The Bank pays the LIBERTY TAX on the borrowing and interest to the
Government.
12.The Bank invests the borrowing in (11) in short term variable interest rates investments.
This is an ACOO. The Bank pays the LIBERTY TAX on the investment and interest to the
Government.
13.The Bank enters into a derivative for a fee, to swap their borrowing in (11). This is an
ACOO. The Bank pays the LIBERTY TAX on the derivative and the fee to the
Government.
14.The derivative in (13) is traded. The Trader pays the LIBERTY TAX on the derivative to
the Government.
15.The borrowing in (11), and the derivative in (13) are settled. The Bank and the holder of
the derivative pays the LIBERTY TAX on the repayment of the borrowing and settlement
of the derivative to the Government
16. Other ACOO to be in my letter tomorrow.
17.The distribution of the Bank’s Profits as Dividends to shareholders is an ACOO. The
Bank pays the LIBERTY TAX on Dividends to the Government.
18.The Bank’s Audited Financial Statements to show the LIBERTY TAX paid by the Bank to
the Government –
a. as an expense of the Bank.
b. as collected by the Bank from its customers and others.
I am continuing my researching and expect to send this tomorrow in my letter to you.
Derek Smith CA
Your hardworking Aussie.