How Does NESARA Compare to Other Proposals?
Fiscal Policy Reform Comparison Chart
 

Item

H.R. 25

H.R. 2717

NESARA

Designed to be revenue neutral

Yes

Yes

Yes

Written in plain English

No

No

Yes

Initial tax rate

23%

15%

14%

Payroll (SS/Medicare) taxes repealed

Yes

No

No

Sales tax tied to SS/Medicare rates

Yes

No

No

Item

H.R. 25

H.R. 2717

NESARA

Eliminates personal income taxes

Yes

Yes

Yes

Eliminates corporate income taxes

Yes

Yes

Yes

Eliminates gift taxes and estate taxes

Yes

Yes

Yes

Eliminates capital gains taxes

Yes

Yes

Yes

Secondary sales of securities taxed

No

No

Yes

Income withholding still in effect for non residents

Yes

No

No

Item

H.R. 25

H.R. 2717

NESARA

Labor/Direct services taxed

Yes

Yes

No

Groceries taxed

Yes

Yes

No

Prescription (not off-the-shelf) drugs taxed

Yes

Yes

No

Insurance premiums taxed

Yes

Yes

No

Mandated expenses such as permits, licenses, etc. taxed

Yes

Yes

No

Purchases outside U.S. borders are taxed

Yes

Yes

Yes

Business/trade purchases exempt

Yes

Yes

No

Tax basis is different for used property

Yes

Yes

Yes

De minimis limits established

Yes

Yes

No

De minimis breaks for real estate sales people, bankers and stockbrokers

Yes

Yes

No

Item

H.R. 25

H.R. 2717

NESARA

Simple at-the-counter exemptions used to offset regressive nature

No

No

Yes

High administrative costs associated with offsetting regressive nature

Yes

Yes

No

Complicated administrative rebate used to offset regressive nature

Yes

Yes

N/A

All families eligible for a rebate

No

No

N/A

Rebate provided through payroll deduction calculations

No

Yes

N/A

Families must register with the state

Yes

Yes

N/A

SSN required

Yes

Yes

N/A

Must disclose family income

Yes

Yes

N/A

Non-employee contracted labor eligible for rebate

?

Yes

N/A

Incarcerated family members excluded from tax rebate

Yes

Yes

N/A

Item

H.R. 25

H.R. 2717

NESARA

Barter subject to tax

Yes

No

No

Sellers must register with the State

Yes

Yes

No

Penalties established for failing to register

Yes

Yes

No

Sellers must maintain a segregated bank account

Yes

No

No

Sellers required to post bond

Yes

No

No

Purchaser sometimes liable for the tax

Yes

Yes

No

Complicated system of credits established

Yes

Yes

No

Reward program established for snitching

Yes

No

No

Net gaming receipts (income) taxed

Yes

Yes

Yes

Item

H.R. 25

H.R. 2717

NESARA

Maintaining books/records mandated

Yes

Yes

No

“Tax matters” person required to be established

No

Yes

No

Sellers subject to summons

Yes

Yes

No

Sellers subject to examinations

Yes

Yes

No

Sellers subject to audits

Yes

Yes

No

Wages may be garnished

Yes

Yes

No*

Homes subject to lien/levy

Yes

Yes

No*

Personal property subject to lien/levy

Yes

Yes

No*

Burden of proof on accused

Yes

Yes

No

Government purchases subject to tax

Yes

Yes

No

Item

H.R. 25

H.R. 2717

NESARA

Provisions provided to stabilize the currency

No

No

Yes

Constitutional gold and silver coin restored to circulation

No

No

Yes

Public control of the currency restored

No

No

Yes

Currency exchange index established

No

No

Yes

Item

H.R. 25

H.R. 2717

NESARA

Provisions provided to reform the Federal Reserve System

No

No

Yes

Provisions provided to cure inflation

No

No

Yes

Eliminates about $1 trillion of the public debt

No

No

Yes

Congress discouraged from creating money out of thin air

No

No

Yes

Congress forced to borrow currency already in circulation

No

No

Yes

Commercial paper prohibited from being used as bank reserves

No

No

Yes

Item

H.R. 25

H.R. 2717

NESARA

Provisions provided to reform banking

No

No

Yes

Compound interest on secured fractional reserve loans eliminated

No

No

Yes

Eliminates some private debt

No

No

Yes