Section I: All federal taxes, tarriffs, and any other source of income to the Federal Government of the United States of America are repealed beginning January 1, 200--.
Section II: Only one tax will be collected for the purpose of funding the Federal Government's business. That tax will be an income tax collected in the following manner:
a. One flat rate income tax of 4.6% shall be instituted on January 1, 200-- for all who earn income from any source in the United States of America without deductions. The taxes will be deducted from wages except the first $200.00 each week and paid to the State Treasury of residence of each taxpayer by all employers and self- employed on the first day of each month.
b. All State Treasuries will send a check to the United States of America Treasury on the last business day of each month for the amount paid that month less 1% of the total collected for handling charges.
c. Forms will be provided by the States for the employers and self-employed, which may be copied, with Social Security Number for identification of each person.
d. No new taxes may be instituted by the Federal Government of the United States of America nor shall the rate of taxation ever be changed.
e. No taxes will be collected on inheritance.
Section I: All Social Security Programs will be phased out by attrition. No new recipients will be signed up for old Programs.
Section II: A deduction from income can be made in the amount of 4.6% for those who choose to participate in the new Social Security Program. This Program will be a supplement to the worker's retirement, but not to be counted on for retirement.