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Change Our Debt Situation

Created by T.M. on February 03, 2013

In order to address the growing national debt, we ask the government to institute a small, variable, national sales and stock trading tax that would round up each transaction from the calculated amount to the next whole dollar. The rounding amount would be collected only to pay the national debt.

For example, if the calculated amount, including state and local sales tax, were $8.23, this would be rounded up to $9.00 by the merchant. The 77 cents that were rounded up would constitute the tax. If a stock trade was $189.12, it would be rounded to $190 and 88 cents would be the tax. The rounded amounts would be collected and used only to pay down the national debt.

In short, this is a change for change program.

Budget & Taxes
Economy & Jobs
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