Overview of the Consolidated Flat Tax (with Double Taxation)


Freedom Act is fully costed by a £20 an hour minimum wage and reducing the VAT threshold to £12,000 a year

All taxes are abolished under the Freedom Act except for a Consolidated Flat Tax, Corporate Tax, VAT, Import VAT

All other taxes, tax credits, duties, tariffs are abolished (including Council Tax, Business Rates, Car Tax)


Consolidated Flat Tax does not eliminate Capital Gains Tax and Dividend Tax

Consolidated Flat Tax does tax only income at a flat tax rate so it does eliminate Stamp Duty Tax and Inheritance Tax (and Gift Tax)

Consolidated Flat Tax does eliminate all tax allowances except for a Consolidated Flat Tax allowance


If artists really want UBI they can tell their studio/publisher to hold their earnings for a 2.5% fee until they want to cash in

Their studio/publisher can still pay their artists a $35,000 yearly income combined (just to be on the safe side)