BEFORE THE FIRST AMENDMENT THERE WAS THE ORIGINAL AMENDMENT 

"THE RIGHT TO LIFE, LIBERTY, PROPERTY AND PURSUIT OF HAPPINESS"

 

The United States Citizens’ "NOW-TAX" - Tax Bill Of Rights

 National Sales & Transaction Tax (NSTT) Amendment

"DRAFT"

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In order for all United States citizens to have an equal and fair opportunity to life, liberty, property, and the pursuit of happiness, itis time for a Tax Bill of Rights; a tax system that will fairly shift taxes to all segments of our economy.

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Section 1: Establish NOW-TAX NSTT for the collection of federal taxes at the lowest possible rate for all citizens, non-citizens,businesses, organizations, and/or enterprises residing and/or operating within the United States or United States Territories.Taxes will be collected at a rate of 5% or less on all sales and financial transactions of the United States (Internal Transfer Transactions to be excluded).

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Section 2: Repeal and replace the 16th Amendment and abolish all federal taxes, all current tax laws, and all associated regulations, such as income tax, estate tax, capital gains tax, excise taxes, tax exemptions, deductions, and any/all other currenttaxes or laws not limited to this list. It will forever be prohibited to have different tax laws for any citizens, non citizens, businesses, organizations, and/or enterprises residing and/or operating within the United States or United States Territories. No taxes will be established to favor or disfavor any citizen, non-citizen, business, organization, and/or enterprise residing and/or operating within the United States or United States Territories.

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Section 3: The NOW TAX NSTT will only collect enough taxes to balance the federal budget and/or pay the national debt. The federal budget will be derived by no greater than 5% of the (total economy of all sales and transactions (TEST) or not to exceed a federal budget cap of $5 trillion. If the collection of the TEST creates an excess of tax revenue for any quarter, the tax rate will be lowered to the federal budget as described above. The tax rate will never exceed 5% of the TEST unless by a 2/3 vote in both Houses, except for approved national emergencies. The rates may fluctuate as revenue is needed and/or the TEST rises or lowers. Some industry rates may be adjusted as needed so as to not create an undue burden that would drastically affect, destabilize, or punish that segment of business or economy.

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Section 4: This law does not apply to non-income of money transferred inside a citizen’s and non-citizen's direct family or a single business’, a single organization’s, and/or a single enterprise’s financial accounts residing and/or operating within the United States or United States Territories in federally-regulated bank or financial accounts.

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Section 5: Abolish all felony tax punishment, except malicious tax fraud.

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Section 6: The Internal Revenue Service shall be the official government agency for the collection of taxes. Taxes will automatically be collected/deducted through bank deposits by the Federal Reserve System at no cost to the United States’ citizens, non-citizens, businesses, organizations, and/or enterprises residing and/or operating within the United States or UnitedStates Territories. All taxes collected will be overseen and managed by the Internal Revenue Service. 

The sample collection process:

1. Upon purchase of goods or services the provider/reseller will add the NSTT rate. 

2. The provider/reseller makes the deposits to the bank. 

3. The bank automatically deducts the 1% NSTT. 

4. At the end of every business day, the bank sends the collected taxes to the Federal Reserve, in the care of the IRS. 

5. The only forms will be a deposit slip and deposit receipt.

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Section 7: All citizens, non-citizens, businesses, organizations, and/or enterprises residing and/or operating within the United States or United States Territories will be required to maintain a current U.S. bank account for the deposit of all income(s). This is not to be construed as that cash and credit card transactions will be illegal.

 

Section 8: The NOW-TAX NSTT is a cash system that eliminates late or delinquent taxes. Taxes are directly collected by the Federal Reserve every day from the purchasing of goods, services, and transactions. The NOW-TAX NSTT is self-enforcing. If the NOW-TAX NSTT is omitted or not collected by the provider/reseller when the sales and/or services are rendered, the NSTT will be automatically deducted from the provider's/reseller's income deposits with no exceptions.