[Misplaced Texan]

http://www.apttax.com/

[jpsb]

hmmm, thanks for the ping, have to think about that one.

[groanup]

From your link:

Every bank, brokerage, or other financial account established by a person, corporation or other taxable organization will pay 0.3% on ALL funds moving IN OR OUT of that account.

I don't see how that would work. Some days the same 1 million dollars is transferrred three or four times. That's 9-12 thousand in taxes in one day. An annual tax rate of over 200%!!

[ancient_geezer]

A link to a full FR debate regarding the pro's and cons of the APT.

http://www.freerepublic.com/focus/bloggers/1295188/posts

If you like the Tobin tax and hidden taxes, you will love the APT.

[pigdog]

Feige's tax scheme has been presented (several times) to the Tax Panel - and rightfully ignored in all cases.

[kevkrom]

http://www.apttax.com/

Absolutely not. Such a plan would make the income tax seem simple, transparent, and non-intrusive by comparison.