That in order to promote true tax equality and fairness for all, and promote strong economic growth and protection of not just the middle class, but all citizens, that the tax code be modified as follows:
1. All annual income, up to and including, $100,000 be free of any and all income taxes.
2. All annual income in excess of $100,000 be taxed at 25%, of which 2.5% be applied to the national debt, 2.5% be applied to the repayment of the Social Security IOUs, 2.5% be applied to a rainy day fund, and the remaining 17.5% be applied to the annual budget. The annual federal budget cannot exceed the previous running five year average income.
3. All annual income shall be taxed at the current Social Security and Medicare tax rates.
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