Will the APT Tax work for a single state? I am running for state rep in Oregon and would like to know if the Automated Payment Transaction Tax will work in a single state. I have read the short version of the way the APT Tax System works and it is a wonderful concept but will it work on a smller scale such as just for the State of Oregon. When viewing the savings, from my calculations my current income of approximately $5,400.00 a month is taxes at 9% in Oregon. If I take the figure of 1.5% which was the calculation for the federal tax rate of 28% that being approximately three times that of the federal tax, I estimate that .05% APT Tax would be Revenue Neutral for Oregon. My tax savings would be $467.43 per month. This is something that I would like to bring to the floor of the Oregon Legislature if I am elected.
Will the APT Tax work for a silgle state
| Author | Comment | ||
|---|---|---|---|
 rogerbush |
Will the APT Tax work for a silgle state |
Lead | |
|
Posts: 1 (09/17/09 05:18:23) |
|
||
|
rubicon |
|||
|
Posts: 123 (09/18/09 15:56:13) |
Rogerbush:
I just shot off an e-mail to Dr. Hermann. He is working with members of his state legislature in Texas. I think you can have a productive discussion with him. Rubicon. |
||
|
wjhermann |
APT in Oregon | ||
|
Posts: 147 (09/23/09 20:40:04) |
Roger,
Thanks for your interest. I have had bills introduced to the last two sessions of the Texas legislature. In both cases I testified before the Texas House Ways and Means Committee but unfortunately the bills died in committee. The bills were for a study to define the state APT tax base. The same will be the first step in Oregon rather than filing for "adoption". The APT system is design for a national tax base so we need to define it for the state level. I have data at my office to predict a possible tax rate for Oregon and all other states. I will re-post a potential rate based on 1/2 of your theoretical state tax base. Bill Hermann |
||
|
rogerbush |
APT in Oregon | ||
|
Posts: 2 (09/23/09 22:53:37) |
Bill,
Thanks for the information. I am really excited about the election, I believe this is a great year for republicans. Tax reform is the top of my list for items I want to attack. I have read all the information I can find on APT Tax and believe it is the best solution I've seen to get the entire country growing like never before. Regards, Roger Bush |
||
