Our Income and Corporate tax systems are a product of the late 19th century, when even keeping track of financial activity was a difficult task.
The power of modern computing allows us to imagine a much more efficient taxation system, one that's based on the activity of the whole economy.
The automatic payment transaction tax is such a system.
It would replace the current tax system with a tiny tax levied on every transaction. The tax rate could be as low as 0.5% of the value of a transaction. It would save the economy massive amounts of money in tax compliance, shrink the size of the IRS, and dramatically raise the take home incomes of the middle class.
Read more at http://thetransactiontax.org