Disrupting Taxes
Author | : Thomas Cryan |
Publisher | : Interterra New Media |
Total Pages | : 0 |
Release | : 2024-08-20 |
ISBN-10 | : 9798990774209 |
ISBN-13 | : |
Rating | : 4/5 (09 Downloads) |
Book excerpt: Did you know:Taxes on salaries now contribute almost 90 percent of all federal tax dollars collected?Taxes on corporations now contribute less than 10 percent of all federal tax dollars collected?The US is paying over $1 trillion in interest payments each year on its national debt, with no end in sight?In this remarkable and engaging book, Thomas J. Cryan lays the foundation for a new, transformative way to think about taxes, our national debt, and the American Dream, which desperately needs reviving before it slips away for an entire generation. Through vivid storytelling, Disrupting Taxes explores the historical forces that bred the dysfunctional modern US tax code and invites us to consider a better future. The Automated Banking Transaction (ABT) Tax is a breakthrough concept whose time has arrived. Scientifically proven, it proposes to widen the tax base exponentially, shift the historic burden away from workers' salaries, and utilize modern technology that is already widely adopted, to permanently reduce taxes for nearly all Americans, fairly distribute tax collection across the entire economy, and provide a viable means to balance the federal budget. The current system is failing us every day. Disrupting Taxes presents a compelling alternative with the potential to lift all Americans into a brighter, more secure future.