Christopher M. Korth
Sensible Tax Reform
Sensible Tax Reform—Simple, Just and Effective (STR) offers a truly revolutionary approach to tax reform.
-Businesses will be untaxed.
-Social Security and Medicare will receive much stronger financial backing.
-Most individuals will no longer pay any income taxes.
-Estates will no longer be taxed.
-A simple broad-based federal consumption tax will be introduced as the foundation of our tax system.
-The consumption tax will apply to most expenditures by individuals but will provide critical buffers to ease the impact upon healthcare, housing, transportation, and higher education.
-STR will replace the existing tax mess we all hate with a simple, just, and economically dynamic tax system that will reinvigorate American businesses, greatly increase the real income and purchasing power of most Americans, and stabilize the finances of the federal government.