Banking

• All forms of banking shall become federalized and publicly owned.

• Commercial banks, and other private banking financial institutions shall be converted to a singular infrastructure and merged with the US Postal Service

• Paid Interest on loans shall serve to offset federal spending and taxation

• Payday Loans, and other similar services shall be explicitly illegal activities

• All consumer loans shall be set to 1% interest rates

• Car loans shall have a maximum loan period of 10 years

• All Commercial/Business Loans shall be set to 1% interest rates

• Commercial loans shall have a maximum loan period of 30 years

• Credit scores shall be abolished

• Credit history shall be kept to determine financial burden, and debt to income ratios

• Rental History shall be taken into consideration when making home buying inquiries

• Reinstating the Glass-Steagall Act of 1933 to ensure that any further banking reforms, minimally, cannot reintegrate retail and investment banking

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 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 other corporate loopholes

• Everything outlined in this link, shall be abolished

• 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 40%

• $10,000,000 - $99,999,999.99 – Taxed at 50%

• $100,000,000 - $999,999,999.99 – Taxed at 75%

• $1,000,000,000+ - Taxed at 99%

• 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

Debt Forgiveness, Cancellation

• Debt forgiveness, Cancellation, and Erasure shall all be redefined singularly, to be referred to as Debt Cancellation and shall no longer incur any taxable events.

• Debt Cancellation shall be the act of an institution, or government rendering null and void any additional payments to a loan, or debt

• Immediate erasure of Medical and Student Loan debt, universally across the country

• Every 10 years, all debts below $100k that have been faithfully paid throughout the 10-year period, shall be forgiven.

• Specifically, if a home loan was issued for 30 years, and for 10 years on time payments have been made, the amortized interest shall have already been collected for that 10-year period, and the remaining principal shall be voided