On his website Gov Johnson states that the U.S. Tax system imposes an enormous toll on productivity through high marginal rates, absurd complexity, loopholes for the well-connected, and incentives for wasteful decisions. He offers a better and fairer system including:
- Abolishing the Internal Revenue Service.
- Enacting the Fair Tax to tax expenditures, rather than income, with a 'prebate' to make spending on basic necessities tax free.
- With the Fair Tax, eliminate business taxes, withholding and other levies that penalize productivity, while creating millions of jobs.
Here is his latest video: