Unfair taxation is one of my pet peeves. The present system of personal and corporate income, sales, excise, capital gains, import and export duties, gift and estate taxes is complicated and subject to evasion. Human nature being what it is the wealthy and large businesses have used their money and power to obtain tax breaks and loopholes. They also have tax lawyers and accountants to assist in minimizing their taxes. In 1989 Professor Edgar Feige of the University of Wisconsin proposed replacing the present tax system with the Automated Payment Transactions (APT) tax (https://www.academia.edu/30138339/Taxing_all_Transactions_The_Automated_Payment_Tran sactions_APT_Tax), a tax that is […]
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