Use all legal means available to the Executive Branch to promote/achieve the following:
1. Simple, progressive personal income (revenue) tax rates: (12% cap)
- 12% flat tax rate on incomes above median income
- progressive rate from poverty level to median income
- zero income tax below poverty level
2. Simple, progressive corporate income (revenue) tax rates: (3% cap*)
- 3% flat tax rate on revenues above national median revenue per U.S. employee
- progressive rate from minimum threshold to median revenue
(minimum threshold set to exempt very small businesses and start-ups)
- includes all legal entities (other than natural persons)
* The current approximate average tax paid (S&P 500) relative to revenue is 1.2%.
3. No exemptions, deductions or loop-holes.