Progressive Allocation Income Tax

General
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Progressive allocation income taxation

Summary

Progressive Allocation Income Tax

White paper

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  1. Executive Summary (Executive Summary)

In the conventional income tax system, there is a problem that tax payment is just an expense for the people, and the government depends on the issuance of government bonds and interest payments, so it is easy for fiscal debt to accumulate.

“累IM PROGRESSIVE ALLOCATION INCOME TAXATION” IS AN INNOVATIVE SYSTEM THAT REALIZES ZERO-DEBT FINANCIAL MANAGEMENT AND A FAIR ECONOMIC CYCLE BY ENTRIBLING TAXES AS A NATIONAL DIGITAL ASSET, ALLOCATING THEM PROGRESSIVELY ACCORDING TO INCOME AND SOCIAL CONTRIBUTION, AND UNLOCKING THEM STEP BY STEP. It is.

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  1. Background and issues

Problems with the traditional income tax system:

  1. The national burden is consumed

• Tax payment is consumed as an expense and does not become the assets or rights of the people.

  1. Financial management is debt-dependent

• The issuance of government bonds and interest payments are inevitable, increasing the government’s financial burden.

  1. Lack of social fairness

• Taxation that does not take into account the income gap creates an imbalance in the burden.

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  1. Outline of the system

3.1 Digitization of tax payment

• Tax payment is not a traditional currency expenditure, but a stock in the government as a sovereign token

• Tokens are progressively allocated to the public according to the amount of tax paid

3.2 Progressive allocation

• The allocation varies depending on income, assets, and social contribution

• Increase the allocation for low-income groups and people with high social contribution

• Suppression of allocations for the wealthy and high-income groups

• Ensuring social equity and economic cycles at the same time

3.3 Unlock system

• The allocation token is gradually unlocked

• Example: 25% release of rights every six months

• Interest is not paid, and the token itself represents the rights and purchasing power of the people

• After unlocking, consumption, investment, and transfer are possible

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  1. Financial model

4.1 Income (Revenue)

• Manage tax payment as a digital stock

• Citizens pay taxes with tokens → Accumulate in government stocks

• No need to issue government bonds, secure financial resources with zero debt

4.2 Expenditure (Expenditure)

• Use stocked taxes for government spending

• Distributed to the market by allocting and unlocking tokens

• No interest payment required, greatly reducing the financial burden

4.3 Comparison of fiscal balance

An item Traditional income tax finance Progressive allocation income taxable finance

Income Tax revenue + government bond issuance Tax revenue (digital stock)

Spending Social security + public works + interest payment Social security + public works (stock management)

Fiscal deficit Easy to occur In principle, zero (no debt required)

Debt Government bonds and interest None

Economic stimulus Dependent on financial expenditure Increase purchasing power by unlocking tokens in stages

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  1. Merit

  2. National assetization

• Tax payment = acquisition of national assets and rights

  1. Improve fairness

• Correcting the income gap with progressive allocation

  1. Zero debt finance

• Financial management is possible without relying on government bonds and interest payments

  1. Promotion of economic circulation

• By unlocking the token, purchasing power gradually flows into the market

  1. Transparency and traceability

• Digital management makes allocations, unlocking, and spending visible

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  1. Implementation and operation design

  2. Stock management

• The government stores it digitally and safely, and controls the total amount and distribution volume

  1. Progressive allocation design

• Progressive allocation according to income, assets, and social contribution

  1. Unlock schedule

• Time-lapse and condition clear type, step-by-step rights grant

  1. Ensure transparency

• Blockchain technology, etc., allows citizens to track

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  1. Future outlook

• Gradually guarantee the purchasing power and rights of the people

• The government operates stably with zero debt

• Promote economic cycles while ensuring social equity

• Build the foundation of a national participation economy through digital assetization

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  1. Conclusion

“Progressive Allocation Income Taxation” is an innovative taxation model that realizes zero-debt fiscal reconstruction and a fair and sustainable economic cycle by solving the problems of the traditional income tax system and redesigning tax payment as national rights and assets.