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.
Implementing UET will provide the platform for total tax reform, wherein other targeted, percentage based assessments will 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.
The concept for UET is the standard practice of removing a set percentage fee from a transaction as compensation for facilitating the transaction. The federal government is the primary facilitator for all transactions occurring within its jurisdiction and is due the fee from every exchange of value, regardless of size or classification.
UET does not add to the amount of a transaction, instead reducing the amount credited to the receiving account. With a UET rate of 0.01%, a transfer of $1000 nets ten cents for the federal treasury, with no increased cost to the payer.
Please consider that Depository Trust and Clearing Corporation, the largest financial clearinghouse in the US, processed nearly $1.66 quadrillion in transactions for its clients in 2010.
CHIPS, The Clearing House, another processor of financial activity, settled over $365 trillion in 2010,
Fedwire, owned by the Federal Reserve Banks, in 2010 processed over $608 trillion in funds and over $320 trillion in securities.
That's roughly $3 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 four quadrillion dollars.
With a tax base of $4 quadrillion, a small assessment produces impressive sums of revenue...
Ten cents per thousand, 0.01%, generates $400 billion.
Fifty cents per thousand, 0.05%, yields $2 trillion, enough to fund half the federal budget.
It is likely that UET will negatively affect some financial activities and shrink the tax base. However, even if the totality of exchanges fell fifty percent, revenues will be 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 of titles and deeds, are documented and facilitated by responsible parties such as tax collectors and title agencies that routinely assess and collect percentage based fees.
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.