Is the NESARA sales tax plan â€œrevenue neutralâ€? In other words, does the bill raise the same amount of revenue to run the government as does the current income tax system?

NESARA is designed to be revenue neutral. However, nobody knows for sure where that neutrality line lies. Everybody, from layman to experts all are doing their best to determine exactly what is revenue neutral.

However, here is a small fact many people do not consider. Unlike other proposed tax reform bills, NESARA also fixes the â€œmoney problemâ€ and reforms the banking laws. That means that soon after NESARA becomes law, the purchasing power of the currency will start to stabilize.

We do expect two minor waves of inflation after NESARA becomes law, and we explain why in another FAQ. However, once the purchasing power of the currency stabilizes, and once people become debt free due to the new banking laws and having more disposable income to spend, people will have less demand on government services. Congress can then either reduce the sales tax rate, or use the revenue for all kinds of public projects.

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Is the NESARA sales tax plan â€œrevenue neutralâ€? In other words, does the bill raise the same amount of revenue to run the government as does the current income tax system?

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Is the NESARA sales tax plan â€œrevenue neutralâ€? In other words, does the bill raise the same amount of revenue to run the government as does the current income tax system?

Related Questions

Dems want to raise revenue.So why not tax the 47% that currently pay no Federal Income Tax?

For income tax purposes, why not consider all income as income, and after 250k in income no deductions re allowed?

I have a claim that returned back to me for reason code 32206 stating that the revenue code is invalid for this type of bill. Where can I verify what revenue codes are valid for the type of bill?

Did you notice that Mahalo raise the tip for questions to $.50! Hey, we got a raise. Thank you Mahalo! Next step, a raise to $1.00?

Since most illegals are low income and low income people have no federal income tax liability just how much?

What amount do I put on my income tax form for medical expenses, total gross or net amount?

Is the NESARA sales tax plan â€œrevenue neutralâ€? In other words, does the bill raise the same amount of revenue to run the government as does the current income tax system?