Is it possible to have a system of taxation which is simple, efficient, progressive, and revenue neutral replacing all those taxes listed above? As it turns out, Yes.
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.
You can find Professor Feige's original papers detailing the Automated Payment Transaction (APT) tax by clicking the links to the left. The papers describe a simple plan to replace our current