What is Percentax?
Percentax is a revolutionary 0.8% transaction tax that replaces all federal, state, and local taxes—including income tax, payroll tax, corporate tax, and property tax. Instead of a complex, loophole-ridden tax code, every financial transaction is taxed at just 0.8%, ensuring that everyone pays their fair share while keeping more of what they earn.
Under this system, every deposit, withdrawal, or payment made through a U.S. bank account incurs a 0.8% tax, which is automatically deducted by banks and financial institutions before being sent to the government. No loopholes. No deductions. No tax filings. Just fair, transparent, and efficient taxation.
How Does it Work?
- Every time money moves through a U.S. bank account, a 0.8% tax is applied.
- Collected instantly by banks, eliminating the need for the IRS.
- Applies to all transactions—purchases, salaries, investments, business payments, property sales, and more.
- No exemptions, loopholes, or tax evasion.
- Replaces all existing federal, state, and local taxes.
The Benefits of Percentax
- More Money in Your Pocket
A middle-class family currently pays ~28% of their income in taxes. Under Percentax, this drops to just ~1.6%, meaning thousands
of extra dollars for your family every year.
- No income tax means bigger paychecks.
- No payroll tax means businesses can pay employees more.
- No corporate tax means lower prices and more jobs
- A Fair System - Works for Everyone
- Every American contributes proportionally—no more billionaires dodging taxes while the middle class pays the bill.
- Corporations pay only 0.8% on transactions instead of complicated tax schemes and offshore loopholes.
- No more tax returns, audits, or IRS hassles.
- Economic Growth & Simplicity
- Generates over $10 trillion annually—enough to fully fund Social Security, Medicare, infrastructure, education, and national security.
- Encourages businesses to reinvest, hire, and expand by eliminating tax burdens.
- Repatriates trillions in offshore wealth back into the U.S. economy.
