Taxation

Taxable income brackets shall begin at $100,000

• Effectively no persons making under $100k/ year shall be taxed at the federal level

• States, counties, and other tax collecting governments shall abide by the same tax bracket system

• SSI and Medicare tax collection shall be uncapped

Corporate taxable income shall begin at profits above $100,000 of net profit to be in line with income tax brackets

• All corporate subsidies shall be canceled

• No Stock Buybacks

• No tax avoidance or write-offs loopholes shall remain

All current tax breaks shall be slashed and eliminated.

• Only personal deductions shall be allowed

New Tax brackets shall be as follows:

• $0 - $99,999.99 – Taxed at 0%

• $100,000 - $199,999.99 – Taxed at 10%

• $200,000 - $299,999.99 – Taxed at 15%

• $300,000 - $399,999.99 – Taxed at 20%

• $400,000 - $499,999.99 – Taxed at 25%

• $500,000 - $999,999.99 – Taxed at 30%

• $1,000,000 - $9,999,999.99 – Taxed at 90%

• $10,000,000 - $99,999,999.99 – Taxed at 95%

• $100,000,000 - $999,999,999.99 – Taxed at 99%

• $1,000,000,000+ - Taxed at 100%

Tax Exempt entities must adhere to the following

• Failure to adhere to requirements will result in a permanent revocation of tax-exempt status, and persons in leadership positions shall be barred from establishing, chairing, or working with tax exempt entities in perpetuity

• Salaries shall not exceed $100,000 for any member of the entity

• All received donations, funds, etc. must be spent on social, civil, or community actions