TAX POLICY FOR THE EVERYDAY AMERICAN PALN

No one should owe federal income tax just for trying to survive, so we restore the original tax-free income floor that existed when the income tax was first created.

- Restores the original 1913 $3,000 tax exemption, adjusted to today’s dollars and indexed to inflation, which is roughly $100,000.

- Ensures low- and middle-income families owe nothing on basic living income, putting more money in their pocket until they start to see real dividends in their own communities.

- Creates a balancing system that if the Federal Government wants to tax American income then they need to work to create economic and social service systems that improve wages for more Americans.

Instead of tax brackets that create cliffs and loopholes, we use a smooth, continuous tax scale that rises gradually as income rises.

- Tax rates increase smoothly from 1% at $100,000 to 35% at $1 million, and continues up to continual higher marginal incomes with no jumps or cliffs.

- Eliminates gaming, timing tricks, and artificial income shifting, with the scale continuing upward and higher income earners paying for the governmental services and benefits of American prosperity that they obviously benefit from at a greater share.

- Makes the system simpler, fairer, and harder to manipulate by simplifying the tax code.

If your wealth is growing by tens to hundreds of millions of dollars a year, you should not be able to legally pay zero in taxes just because you never sell anything.

- Applies only to investment growth above $15 million in non-taxable assets, such as stock-trades

- Tax % owed begins at 1% of total growth at $15 Million and can have a cap at 10-15% around $100 Million in annual growth

- Closes the ‘buy-borrow-die’ loophole used by millionaires and billionaires to avoid income taxes.

A flexible fuel tax policy that lowers federal gas and diesel taxes when oil prices spike and gradually increases them when prices fall, easing pressure during crises while rebuilding transportation funds when costs are low.

- Tie the federal gas (18 cents / gallon) and diesel (24 cents / gallon) tax rate to an average oil price benchmark, so drivers pay the standard rate when oil prices are near normal levels.

- Automatically reduce or temporarily suspend the tax when oil prices rise above the benchmark.

- Gradually increase the tax when oil prices fall below the benchmark, capped at 5 or 10 cents above the standard rate when prices are 50% below average.

A tiny fee on high-volume Wall Street trading ensures the financial markets contribute their fair share, while explicitly protecting retirement savings.

- Sets a 0.1% financial transaction tax on stock trades in taxable brokerage accounts, raising substantial revenue through volume rather than burdening individual investors.

- Fully exempts 401(k)s, IRAs, and other qualified retirement accounts, so long-term retirement savers are not impacted.

- Discourages excessive speculative churn and high-frequency trading without interfering with long-term investing or capital formation.

When someone spends extraordinary amounts on luxury goods, the tax responsibility should follow the luxury itself—not disappear because it was leased, financed, or registered offshore.

- Applies a 5% tax on dollars over inflation adjusted values above specific category thresholds to high-end luxury goods of all forms and all sales: whether new, used, auctioned, or financed, so payment structure can’t erase tax responsibility

- No ‘renting’ around the tax. Treats leasing, chartering, and fractional use as luxury consumption and taxes them at an equivalent rate

- No offshore loopholes. Owed whenever a luxury asset is owned, controlled, or regularly used by U.S. persons, regardless of where it’s registered

When wealth reaches levels so large it can grow indefinitely without ever becoming taxable income, a modest annual wealth tax ensures extreme fortunes contribute to the society that protects and sustains them.

- Applies only to extreme wealth assessed at .5% annually on net worth above $100 million, fully excluding retirement accounts, family homes, and ordinary business assets below the threshold of $5 Million D.

- Uses standardized valuation for publicly traded assets, required reporting for large private holdings, and look-through rules to prevent avoidance through trusts, shell entities, or offshore structures.

- Targets accumulated wealth that escapes the income tax system, while preserving entrepreneurship, investment, and long-term business growth.