I could not believe that NO One Questioned Ron Paul on this answer at the debate?It's Brilliant and I understand how it works.This is how it works. Abolish all taxes. Abolish the Tax Department. Apply a one percent tax to all money paid into any American Bank account. Banks then daily pay money to government main bank. Not Federal Reserve (Ron Paul Has Abolished The FED)
So if you earn $300 a week you would pay $3.00 when your employer banked you pay check, your money. The businesses that do most banking pay most tax. This would raise double the amount of taxation that the Government gets now per year. The debt would be paid off in a few years. Then you could use the excess tax collected to make health care and education free.
You could also have a modern well equip-ed military and not have to cut the military budget
See More ONE FAIR TAX General Electric & Obama's buddies will have to pay tax
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