Disrupting Taxes

The current U.S. tax system fails us every day Almost 90 percent of all federal tax dollars collected come from individual salaries and income Less than 10 percent of all federal tax dollars collected come from corporations The US pays over one trillion dollars in interest payments each year on its national debt It's time to change the system! In this remarkable book, Thomas J. Cryan presents a transformative way to think about taxes, our national debt, and the American Dream, which desperately needs reviving before it slips away for an entire generation. Through vivid storytelling, Disrupting Taxes explores the historical forces that bred the dysfunctional modern US tax code and invites us to consider a better future. Cryan introduces and explains the Automated Banking Transaction (ABT) Tax-a breakthrough concept whose time has arrived. Scientifically proven, it proposes to widen the tax base exponentially, shift the historic burden away from workers' salaries, and utilize already widely adopted modern technology, to permanently reduce taxes for nearly all Americans, fairly distribute tax collection across the entire economy, and provide a viable means to balance the federal budget. Disrupting Taxes presents a compelling alternative to the current dysfunction, with the potential to lift all Americans into a brighter, more secure future.