Simplified Revenue Plan

By Mike LeBarre

While the career politicians in Washington stand around pointing fingers and blaming others, we, everyday Americans, have to deal with real life and real worries.

After decades of wrong headed policies and mismanaged budgets, we find ourselves with over 15 trillion dollars of debt, millions of Americans out of work and Social Security going bankrupt. And what is the D.C. answer? To cut benefits, tax us more, and keep on spending.

I believe there is always a solution to every problem, and to solve any problem you have to start at the beginning or the root of the problem. While excessive spending and a bloated federal bureaucracy are major issues, the root of the problem is the way our government receives revenue.

We can eliminate 1000's of pages of tax code used to micromanage our lives and economy by simplifying to just 3 revenue streams, Taxes, Tariffs, and Interest. We will bring in the same amount of tax dollars and provide much needed relief for all Americans.

Taxes - 4% tax rate for all taxpayers on gross personal Income and gross business receipts. Eliminate all other Federal taxes.

Tariffs - Properly value the American economy and increase tariff rates from their current average of a little over 1.25% to a responsible average rate of 15%.

Interest - This category will count all earned interest as revenue and include revenue from loan payments as well as other annual and semi-annual payments.

Immediately we will get:

Net pay increase of 10-15%.

Drop the price of fuel 4-5%.

Stop taxing seniors Social Security checks.

Nothing will change with Social Security and Medicare.

Businesses hire up to 6 million jobless Americans without increasing their labor cost.

Eliminate the power of Lobbyist and Special Interest groups in Washington.

Eliminate FICA (payroll tax) and never file Federal income tax again.

All these immediate benefits and so many more just by simplifying the revenue streams. It's good for American seniors, families, and business.