Foreign Exchange related transactions. The ultimate goal is for the APT Tax to fund not only the Federal Government, but also "all state budgets (allowing the elimination of state income, sales, and excise taxes) as well as the public school portion of the local property tax." Dr. Feige claims that the APT tax would be very simple, efficient, and hard to evade. He writes, "Since every transaction must be settled by some means of final payment, taxes are routinely assessed and collected at source through the electronic technology of the automated banking/payment clearing system at the moment that economic exchange is evidenced by final payment. This automatic collection feature eliminates the need for individuals and firms to file tax and information returns. Real time tax collection at source of payment applies to all types of transactions, thereby reducing administration and compliance costs as well as opportunities for tax evasion." Some raise concerns about privacy—believing that such a tax would allow the government to see each transaction in the economy; however, Dr. Bill Hermann writes that it "only collects money by software in financial institutions." The cash loophole is closed as well. Since cash goes through an average of 2.5 transactions between leaving a bank or other tax collecting entity, before it returns, a tax of 2.5 times the electronic single side rate would be charged on withdrawal and deposit. With the proposed rate of 0.3%, there would be a tax of $0.75 per $100 cash entering or leaving what Dr. Feige calls a "taxing institution/account". Progressive Debate There is disagreement over whether the tax is progressive, with the debate primarily centered on whether the volume of taxed transactions rise disproportionately with a person's income and net worth. Simulations of the Federal Reserve's Survey of Consumer Finances demonstrate that high income and wealthy individuals undertake a disproportionate volume of transactions since they own a disproportionate share of financial assets that have relatively high turnover rates. However, since the APT tax has not yet been adopted, some argue that one can not predict whether the tax will be progressive or not. In 2016, Andrew VanHook wrote on his website promoting the proposal that the APT Tax would lead to more fairness in taxation. "According to the Government Accountability Office, 65% of US companies, and 45% of US Households, pay nothing in taxes... [which] places a huge burden on the rest of us.