Patent for New Tax System, Published on TaxRevolution.com, Could Save U.S. Taxpayers $900 Billion to $1.5 Trillion
Money movement tax system more realistic than a flat income tax, national sales tax, or value added tax as replacement for different systems of federal, state and local taxes
North Hollywood, CA (PRWEB) April 6, 2005 -- On April 1, a small business
owner named Alf Temme electronically filed an intellectual property patent, this
is no April Fools joke. The patent, which is published on TaxRevolution.com, is for a new tax system that could save
taxpayers an estimated $900 billion to $1.5 trillion, or 10% to 16% of GNP. On
top of that, it would save taxpayers a lot of headaches and anxiety and they
would not be subjected to tax audits ever.
The objective of Temme’s
invention is an elegantly simple money transfer transaction tax system that can
replace all of the current federal, state, and local taxes with a single privacy
preserving tax that does not require record keeping and filing of tax returns
for individuals, small businesses and large corporate tax payers.
If all
of this sounds too good to be true, Temme invites you to download a copy of all
92 pages of his tax patent filing and see for yourself that this is the first
realistic proposal for a complete long awaited tax overhaul.
Temme says,
“It is hard to figure out what kind of money potential there would be in an
invention like this. The reason I wanted it patented is so the contents of the
tax proposal cannot be twisted around by the vested interests that would like to
maintain the status-quo to preserve their interest by keeping the very
cumbersome tax systems exactly the way they are.”
Temme then took the
unusual step of publishing the intellectual property patent for his invention on
a new website, TaxRevolution.com. From the website you can download the
complete 92-page patent application in pdf format.
The small business
owner says, “By reading the text of my patent you will find that this tax
solution is far more realistic than a flat income tax, national sales tax, or
value added tax because it will eliminate all other taxes as well and create a
system that requires absolutely no paperwork or record keeping by anyone or any
business.”
Temme says, “I know this sounds too good to be true, but is
absolutely so. I created the invention because of some of the abuses I have
suffered during audits of my small family business. Many small businesses are
put out of business by any of the many taxing authorities that require flawless
record keeping from people who do not have the required expertise to keep
perfect records.”
He adds, “The heavy administrational burden of current
taxation schemes also keeps a lot of young people from starting small businesses
for themselves. It is just too daunting for them to deal with all this miserable
paperwork and record keeping.”
For a copy of the 92-page description of
the new method of taxation and tax collection, go to http://www.taxrevolution.com.
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Source : http://www.prweb.com/releases/2005/4/prweb225482.htm