Social Security Reform and Freedom from Federal Personal Income Tax

The Oklahoma Taxpayer
Editorial by BOB MOORE

Social Security Reform and Freedom from Federal Personal Income Tax

I was telling a small group of friends about my Eight-Year Plan when one lady spoke up to say, �Bob, you do not understand, the Federal Government is not into SIMPLE�. I had to agree. I am into SIMPLE. I use the �KIS Theory� Keep It Simple.

First example of SIMPLE is the federal income tax on interest earned on bank accounts. Why have income tax laws for 300 million people when the federal government should have the financial institutions (appr. 10,000) pay a monthly tax being a percentage of the total dollars paid as interest to clients. No tax due from the citizens, the bank pays the tax, SIMPLE.

Same is true with stock dividends, have the corporations pay the government a percentage of the dollar amount paid to the stockholders. No tax due from the citizens, the corporations pay the tax, SIMPLE.

Second example, most taxpayers believe there is at least 2% waste in the federal government. If the President reduced the size of government by only 1.25% each year. That would be 8 X 1.25 = 10% total reduction in the size of government at the end of eight years. That is a huge 10% savings, just that SIMPLE.

Third example of SIMPLE is the Tax on Gasoline. The child ask where does the .9 of a cent go? Keep the tax simple and honest such as:
(a) eliminate the .9 cent;
(b) this tax shall not be amended for forty (40) years;
(c) a total tax of forty (40) cents a gallon tax according to the following:
(d) twenty (20) cents shall go to the federal government and
(e) twenty (20) cents shall go to the originating State government.

Fourth example of SIMPLE: Toll Roads, Sales Tax and Income Tax
Can you image driving up to the toll booth to pay the toll and the person starts asking you financial questions such as how much money do you make; how many children do you have; how many cars do you own. Then says according to your credits and deductions; the toll will be X dollars.

Next event, you visit Wal-Mart, when you check out, the Cashier starts asking you financial questions to figure out the amount of sales tax you will be charged.
Does this sound silly? Can you image how many people this type of tax system would require? How much un-necessary work this would cause? Now look at the Federal Income Tax System with all the forms, credits and deductions, etc.

See the comparison? How simple the Federal Income Tax System could be with a flat tax. Our citizens live in fear of the IRS and hate April 15th. There is a better simpler system available if people will demand it.

With the follow system, we could eliminate the dreaded April 15th deadline.
Simple Tax System
Use the right formula then adjust spending to the amount of money collected. Truthful Tax Reform----- Federal Tax Payroll Deduction Program.

1. �TOTALLY� Eliminate the Personal Income Tax �TOTALLY�.

2. Fact: FICA tax is over 15% of the employees� paycheck. Federal Courts have ruled the FICA is a tax not a retirement fund. The Federal Government needs to be honest and declare that FICA tax goes to the general fund to pay for government spending programs. Re-name FICA tax to Federal Tax Payroll Deduction Program.

3. Government taxes should be on commission, just like all private businesses and private business� employees. The government spending can only grow if more people make more money.

4. Payroll deduction is the most efficient way to collect taxes. The Federal Tax Payroll Deduction Program will be the only federal tax that wage-earning Americans will pay. Never a form to file with the IRS.

5. Keep the system simple, one rate for all taxpayers. Ten (10%) Percent is good enough for GOD, then Ten (10%) Percent should be good enough for the government. However the federal government is not as efficient as GOD so lets put the maximum rate at twenty (20%) percent.

6. The Federal Tax Payroll Deduction Program shall be 20% �Maximum� of which Ten (10%) Percent to be withheld from the wage-earners� pay to be matched by Ten (10%) Percent from the Employer.

7. Earmark how the money shall be allocated, such as:
(a) 1% to DOD for National Defense;
(b) 4% to Citizens Retirement Fund, a 401K type program----private social security fund for each person;
(c) 15% to Social Security and other spending programs.
A total of 20% of the wage-earners� salary to go to the Federal government.

** Would be great if each State Government would �totally� eliminate State Personal Income Tax to be replaced by receiving one (1%) percent of this 20% total.

This type of system would result in no forms, no worry and a much smaller I.R.S. No tax forms to file each year. No tax credits to be given or taken away by the Federal government. No increase or decrease in the tax rate.

This would get the Federal Government out of micro-managing the daily life of the taxpayers. It is called FREEDOM!

An advantage given by the government to one person means an unfair dis-advantage to all other Americans. Our Founding Fathers believed that small government and less taxes means more freedom.

The Oklahoma Taxpayer
by BOB MOORE

BOB MOORE, P.O. Box 1683, Lawton, Oklahoma 73502
Phone 580-351-2531 Fax 419-745-1342
Web Page: www.geocities.com/oklahomataxpayer
Email: [email protected]

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