I just went to their website:
APT Tax stands for AUTOMATED PAYMENT of TRansaction Tax.
Even more insidious, than the payroll tax, in addition to being invasive and give direct control to the government over individuals.
With this, they might as well, just keep all the money, and give everyone a bowl of chili for lunch, and so on, because government knows best.
Consider this just to see how the APT tax will work.
Start with Social Security/Medicare payroll tax.
a. A tax break for everyone that receives a paycheck.
b. A Tax break for employers.
c. Eliminates SS funding crisis for politicians.
d. Gets system up and running for testing.
To get the APT tax system started all of the software and
systems could be set up with a very tiny rate just to
address the Social security shortfall. Then when everyone
realizes how simple that was there will be tremendous
momentum to expand the concept to replace other taxes and
eventually replace all of the code and associated taxes.
A rate of 0.01% per transaction or 0.02% per transaction
would raise $100 billion per year which would more than
offset the accumulating deficit in the program. If you
wanted to completely eliminate the SS/Medicare payroll tax
-- the most regressive tax we have would take 0.19% per
transaction or approx 0.095% per transactor then toss in the
other 0.01% to solve the problem and you've got a rate of
0.105% or $1.05 per $1000 in transactions (a $50,000
income which is all spent would be $100,000 in transactions
or $105 instead of 7.5% of 50K or $3750 not to mention
the $3750 the employer has to pay).
Could I have a show of hands of those who want to pay
$105, and now those who want to pay $3750?