Replies

We need to limit the ability of Democrats to buy votes by placing middle-class tax caps in the federal constitution.

The high-income people have the Laffer Curve effect to protect them.

Enter in bills for two constitutional amendments.

******

Levies on any residential property of less than 2799 square feet of finished living space shall be no higher than the 2019 dollar amounts for the property, or for a newer or since resold property no higher than what it would have been levied at for 2019 if it lacked owner specific tax breaks, increased by 3% per calendar year since 2019 and by any percentage increase to its finished living space.

******

Federal taxation on personal income shall be progressively capped as follows:
below 20% of the median federal full-time civilian employee compensation amount, 10%,
below 50% of the median federal full-time civilian employee compensation amount, 22%,
below the median federal full-time civilian employee compensation amount, 30%,
below the average federal full-time civilian employee compensation of the 100,000 largest recipients, 35%,
below the average federal full-time civilian employee compensation of the 10,000 largest recipients, 40%.

*****

[Note 1: All percentages to include employee FICA and self-employment tax as they are income taxes.]
[Note 2: These are very close to the combined (1040 + employee FICA & Medicare) personal income tax rates now levied.]
[Note 3: Anything that the IRS would as of January 1, 2024 legally be able to collect income tax on if provided to any person would be considered compensation.]

Fighting in Congress to send middle-class income and property taxation cap constitutional amendments to the states would make Congress turn deep red come 2027.