Universal Exchange Tax (UET) is a proposed baseline general revenue tax that removes a very low percentage tax, likely between 0.01% and 0.05%, from every transaction of value within an economic arena. UET is a fundamental and equitable method of taxation ensuring every citizen contributes based solely upon their level of economic activity.
Please consider that three financial clearinghouses processed over $3.8 quadrillion in 2014. Depository Trust and Clearing Corporation handled $1.6 quadrillion, CHIPs, another processor of financial activity, settled over $547 trillion, and Fedwire, owned by the Federal Reserve Banks, processed over $1.28 quadrillion in funds and securities.
That's roughly $4 quadrillion dollars in transactions cleared by only three processors. Factoring in all the other clearinghouses, banks, credit unions, credit card companies, etc, that handle the day to day business of America, it is apparent total financial activity in the US is easily in excess of five quadrillion dollars.
UET does not add to the amount of a transaction, instead reducing the amount credited to the receiving account. At a rate of 0.01%, a transfer of $100 nets one cent for the federal treasury, at no increased cost to the payer. With a tax base of $5 quadrillion, a small assessment produces impressive sums of revenue...
One cent per $100, 0.01%, generates $500 billion.
Five cents per hundred dollars, 0.05%, yields $2.5 trillion, enough to fund well over half of the federal budget.
Implementing UET will provide the platform for total tax reform, wherein other targeted, percentage based assessments can be added as necessary to achieve total funding. Social, medical, income, sales, and other classifications of financial activity will likely be taxed based upon separate factors and added to UET revenue.
It is possible that UET will negatively affect some financial activities and thus shrink the tax base. However, even if the totality of exchanges fell fifty percent, revenues will remain in the hundreds of billions.
UET is the only constitutional method of taxation, providing all citizens, real and fictitious, equal protection under the law.
UET is cost effective, a simple accounting provision within the existing financial network.
UET is transparent and private, requiring only confirmation that an exchange is taxed. 
Universal Exchange Tax is the only truly fair method of taxation, linked solely to the movement of value. No means test, no discrimination, no politics...   The more you play, the more you pay.
Transfers between closely held accounts of the same entity, between savings and checking for example, are exempt from UET assessment.
Under UET, any need to adjust revenues is a matter of changing the percentage rate.
UET relieves the subject economy of the expenses associated with tax compliance and avoidance. Compliance is transparent, affordable, democratic, and automatic. Avoidance is difficult, unprofitable, and impolitic.
It is likely that transactions of value for obfuscation of ownership, or those that are speculative in nature, are negatively impacted by UET.