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TAXATION REFORMS

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

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