Changing from Hidden to Transparent Taxes: Implement The Plan Over Time

I believe that a plan to change from hidden to transparent taxes will be best received if it is designed to be implemented over time.  Human nature being what it is, people will adapt to change easier when given enough time and sufficient advance information.

Changing from Hidden to Transparent Taxes: Promote The Plan and Win The Support of The People

Once the research has been done, and the plan has been developed showing what hidden taxes will end, when they will end, and what transparent taxes will replace them, it will be important to promote the plan to the people so as to be sure and obtain their final support.

Changing from Hidden to Transparent Taxes: Develop a Plan For How to Change From a Hidden to a Transparent Taxing System

I believe it is important for elected law makers to first seek to obtain input from those who elected them to determine what hidden taxes the people would want to have ended first.  My belief is that people will most often choose to end the hidden taxes that are easiest for them to see and which would help them to experience the benefits of quicker.

Changing from Hidden to Transparent Taxes: Build in a Safety Margin

I believe it’s always a good idea to build a safety margin into any financial planning.  As it relates to the process of changing from a hidden tax system to a transparent tax system, having a safety margin, even just a small part of a percent, can help with the goal of avoiding or reducing budget short-falls.

Changing from Hidden to Transparent Taxes: Estimate Transparent Tax Rate Needed to Keep Government Revenues the Same

Once all the data is collected, both hidden tax revenues and taxable consumer purchases for the same number of years, and broken down within the same taxing authority area, then you are in a position to begin your calculations.

Changing from Hidden to Transparent Taxes: Research Hidden Taxes Back at Least 20 Years

Because the economy has its ups and downs, or its good times and bad, collecting data for an extended number of years will give a better chance of having data that is from the really good times, the really bad times, as well as those times that fall in between.

Changing from Hidden to Transparent Taxes: Use past Hidden Taxes to Estimate Transparent Tax Rates

I believe and recommend that a study be made of actual past hidden taxes collected as part of preparing to change from a hidden to a transparent tax system.

Changing from Hidden to Transparent Taxes: Start With Hidden Taxes That Are Easiest For Consumers To See

We humans, for the most part, are creatures of habit.  We like our habits.  We don’t like to be forced to change our habits.  If we do agree to change our habits, we need to see a good reason for doing so.

Changing from Hidden to Transparent Taxes: Introduction

In this seventh part, I share my thoughts and reasons for how to get started making the change from Hidden Taxes to Transparent Taxes.