Automated payment transaction tax

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The APT Tax is a proposed way to replace all taxes and simplify tax collection from Dr. Edgar Feige.

The foundations of the APT tax proposal – a small, uniform tax on all economic transactions -- involve simplification, base broadening, reductions in marginal tax rates, the elimination of tax and information returns and the automatic collection of tax revenues at the payment source. The APT approach would extend the tax base from income, consumption and wealth to all transactions. Such a uniform tax might not, on its face, look progressive, but would be since the volume of taxed transactions rise disproportionately with personal income.

Feige, Edgar L. "Taxation for the 21st Century" (PDF). Retrieved on 2007-07-16.