A “Cost of Living” Tax Cut, paid for by multi-millionaires.
Deficit-neutral legislation that eliminates federal income taxes up to the median cost of living for a single adult with no children ($45,000 a year). The plan is funded by a modest surtax on incomes over $1 million per year.
Eliminate federal income taxes on income less than $45,000.
Add a 3% tax on income from $1 million to $10 million.
Add an 8% tax on income of $10 million and above.
Working people have had it, rich people won’t feel it, and there’s no cost to the country.
A bold, surprisingly simple framework that will immediately stabilize the economic lives of working and middle class Americans.
There is a solution. It’s simple. And it can be done, now.
Read the Patriotic Millionaires’ MONEY Agenda.
These millionaires want to pay for your tax cut.
Learn more about the Patriotic Millionaires organization.
