The shadow banking sytem has created a $700 BILLION TO $2 TRILLION Bailout which will pay 67 cents
on the dollar for assets really worth 24 cents. The banking system will only lose 1/3 on their existing assets and
this will cost the taxpayer the remaining 2/3 of the debt. The problem is that $1 million dollars should go to every taxpayer in the United States. The current use of taxpayers money is now being used without benefiting the taxpayer. The $1 million dollar amendment should be added to the agreement and allow taxpayers to pay down their debt and invest the difference in long term index funds. This can be financed by having the taxpayer
buy Treasury Zero Coupon bonds which will reimburse the Government. The taxpayer would receive $1 million dollars and would have $100,000.00 deducted from the One Million and the taxpayer would buy Zero Coupon bond.
The Treasury Zero Coupon bond would be owned by the Federal Government and the Federal Government would receive their money back in 30 years and the taxpayer would have the current use of $900,000.00 to pay debts and invests the difference. Any accured interest on the Zero Coupon bond would go to the Federal Government.Taxpayers would be required to pay taxes on the money and the money would be taxed for the
2008 year. All taxes must be paid on the due year and extra penalties would be added to any late payments.
on the dollar for assets really worth 24 cents. The banking system will only lose 1/3 on their existing assets and
this will cost the taxpayer the remaining 2/3 of the debt. The problem is that $1 million dollars should go to every taxpayer in the United States. The current use of taxpayers money is now being used without benefiting the taxpayer. The $1 million dollar amendment should be added to the agreement and allow taxpayers to pay down their debt and invest the difference in long term index funds. This can be financed by having the taxpayer
buy Treasury Zero Coupon bonds which will reimburse the Government. The taxpayer would receive $1 million dollars and would have $100,000.00 deducted from the One Million and the taxpayer would buy Zero Coupon bond.
The Treasury Zero Coupon bond would be owned by the Federal Government and the Federal Government would receive their money back in 30 years and the taxpayer would have the current use of $900,000.00 to pay debts and invests the difference. Any accured interest on the Zero Coupon bond would go to the Federal Government.Taxpayers would be required to pay taxes on the money and the money would be taxed for the
2008 year. All taxes must be paid on the due year and extra penalties would be added to any late payments.
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