Reciently a lot of attention has been given to tax reform. Governments need taxws to generate revenue. The majority of national taxes in the US is on income. Considering that only 12 tillion was earned in the US in 2009 and our budget was 3 trillion a 25% national income tax would be required to maintain a ballanced budget.
I propose a different form of taxation based on the volume of trade of all goods, services, stocks, options, and currencies. An average of a .2% on stock and currency exchanges and an average of a 1% retail sales tax would more than generate the current US budget while abolishing income and excise taxes.