FAQ

Percentax applies a flat 0.8% tax on all income and expenditure transactions, replacing current taxes.

Percentax simplifies taxes to one flat rate, eliminating complex income brackets, deductions, and multiple tax categories.

No, Percentax removes the need for annual tax returns and IRS filings.

Percentax can optionally phase out state and local taxes, significantly simplifying overall taxation.

All income types, including wages, salaries, investments, and business revenue.

No, Percentax eliminates all deductions and exemptions for simplicity and fairness.

Yes, Percentax applies equally to all, simplifying taxation and increasing transparency.

Yes, the broad tax base at 0.8% ensures sufficient, sustainable government revenue.

Percentax fully funds Social Security and Medicare, replacing dedicated payroll taxes.

Retirees benefit from reduced complexity and potentially lower taxes on retirement income and expenditures.

Yes, at a flat rate of 0.8%, eliminating complex capital gains calculations.

Payroll taxes (Social Security, Medicare) are completely replaced by Percentax.

Congress retains the authority to adjust rates, but public transparency under Percentax reduces complexity and hidden tax hikes.

Percentax consolidates all taxes into one easy-to-understand flat rate, ending the need for multiple tax forms and filings.

No, Percentax is completely transparent without hidden fees or additional charges.

Small businesses benefit from dramatically simplified taxes, reducing compliance costs significantly.

Sign the petition, share it with others, and engage your representatives to advocate for Percentax.

  • Total U.S. transaction volume: $2,083 trillion
  • Taxable base after exclusions: $1,386.7 trillion
  • Revenue at 0.8%: $11.10 trillion
  • Current U.S. tax need: $8.14 trillion
  • Annual surplus created: $2.96 trillion
  • Revenue at 0.8%: $11.10 trillion
  • Current U.S. tax need: $8.14 trillion
  • Annual surplus created: $2.96 trillion
  • Virtually all taxes
  • Individual & Corporate Income Taxes
  • Payroll Taxes (Social Security & Medicare)
  • Capital Gains & Estate Taxes
  • Sales, Excise, and Property Taxes (optionally phased out)
  • IRS compliance, tax prep, filings, and audits

Ready to Make Taxes Simple, Fair, and Efficient?

Sign the petition today and help us bring Percentax to Congress!
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