1. 25% Business Net Receipt Tax on all goods and services (including food)
2. 25% Business paid Tax on all individual employee pay and compensation between 1 million and 10 million. (includes base salary, stock options, gifts, etcetera)
3. 50% Business paid Tax on all individual employee pay and compensation over 10 million in a given year. (includes base salary, stock options, gifts, etcetera)
4. 10% payroll/self employment tax on earned income between 30,000 to 59,999 a year
5. 20% payroll/self employment tax on earned income between 60,000 to 99,999 a year
6. 35% payroll/self employment tax on earned income between 100,000 to 500,000 a year
7. 50% payroll/self employment tax on earned income over 500,000
8. 25% tax on all other income between 0 and 1 million. (Stock earning, dividends, capital gains, etcetera)
9. 50% tax on all other income over 1 million (Stock earning, dividends, capital gains, etcetera)
10. $250 a month rebate for each person, including children.
11. All tax revenue above will be divided 25% to the state and 75% to the federal government
All tax revenue below will be for federdal government only.
1. 25% estate tax for 1st 500k
2. 50% estate tax for 2nd 500k
3. 75% estate tax for over 1M.
All tax revenue below will be for states only
1. 1.5% property tax, with a 5% max increase in assessed value a year for a single primary place of residence.
THERE SHALL BE 0 DEDUCTIONS ON PAYROLL TAXES.