By capitalizing on financial data processing technology, it is possible to create a tax code for the 21st century; one that is astonishingly easy for all citizens to understand, that is easy to administer and to comply with because it eliminates the need to file tax or information returns. The system, developed by University of Wisconsin Professor of Economics Edgar L. Feige, is known as the APT or Automated Payments Transaction Tax.
- Executive Summary: www.apttax.com/execsummary.php
- FAQs: www.apttax.com/faq.php
- Dr. Edgar L. Feige's CV: www.apttax.com/drfeige.php
- February 2, 2003 New York Times Article "One Tiny Little Tax"
- August 5, 2004 Glenn Beck interview of William J Hermann, Jr. MD, Director APT Tax Project www.apttax.com/glennbeck.php
Most of the value of transactions in a modern economy consists of financial dealings: sales of stocks, bonds, currency exchanges, and transactions at tens of thousands of point of sale terminals.
Implementation of this elegant and simple idea in Canada would allow Canadians to create an original, authentic social organization that would eventually be copied by all other nations; unless of course the incumbents are afraid of change and would rather cling to their failed state agenda. Let's apply the power of the internet to get this Automated Payments Transaction Tax idea into the mainstream and into application. Canadians, write your Member of Parliament." BR