Income up to $50,000 per individual is not taxed on the federal level with the exception of the flat fee tax of 0.001. So that $50k of income represents $50 in transaction tax for the transfer to the individual. Any purchases or other financial transactions are also subject to that transaction fee. A voluntary additional transaction fee of another 0.001 would cover the liability for reporting cash transactions. Another component is that income over $50k per individua...

The US tax code is complicated and misleading. The following proposal has a flat tax rate as well as a progressive tax rate. The progressive tax rate is on normal earned income. There is a violation of the double taxation standard in regard to the transaction tax. This is bypassed by considering each financial transaction as conveying an item of worth and each transaction is a single entity. The transaction tax is 0.001 x the total value of the transaction. The vice...