Recent content by wjhermann

Half empty I guess. There are no "new taxes" -- ALL federal taxes are eliminated and replaced by the single APT tax. Do you believe the Fair tax folks that argue businesses will save 20% from the changes proposed moving to a retail sales tax -- well, the move to APT will encompass the exact...

Foxfyre, I will reiterate, every business in the supply chain for your loaf of bread will realize a 10 to 20% savings in their federal income tax, payroll tax, compliance costs, tax planning costs etc. and for that savings will pay 0.3% one side or 0.6% both side (poor negotiator). So that...

Thanks for considering a new idea. What you are asking about is the so-called "cascade" effect. Indeed the small transaction tax would be assessed at every level without an exemption for intermediate goods (7% of tax base would be eliminated - not too bad). The key to this well-founded...

I favor a concept that embraces all the advantages of Fair Tax with the onerous effect on retail etc. It is a flat tax with no exemption or deduction. It is automatically collected as transaction occur through the banking system. Therefore it uses the largest possible tax base and thereby...