War on Wealth Tax plan

A historically inspired fiscal plan modeled on post-WWII tax policy, updated for the modern U.S. economy. Inspired by the successful post-WWII approach, this plan targets debt reduction through: Progressive taxation, corporate accountability, Strategic growth investments, and Responsible budgeting.

 It’s designed to:

Stabilize and reduce the debt.

Ensure fairness and broad-based prosperity.

Maintain long-term U.S. economic strength and independence.

Progressive Tax Reform:

Restore High Marginal Rates on Ultra-High Incomes Top marginal income tax rate: 90% on income over $10 million/year for the top 1%, Step-up rates starting at $1 million, $5 million, and $10 million tiers.

Estimated Revenue: $100–150 billion/year

Corporate Tax Reform:

Raise the corporate tax rate to 42%, roughly the post-WWII average. Eliminate loopholes that allow profit-shifting overseas. Impose a minimum effective tax rate of 42% on corporate profits.

Estimated Revenue: $200–300 billion/year

Capital Gains & Wealth

Tax capital gains at the same rate as regular income for those earning over $1 million/year. End the carried interest loophole. Implement a 3% tax on net wealth over $50 million, scaling up with wealth.

Estimated Revenue: $150 billion/year

Broaden the Tax Base Fairly

Maintain existing middle-class tax rates. Expand IRS enforcement to reduce tax evasion, especially by high earners, Modernize the IRS with AI auditing tools to catch complex avoidance schemes.

Estimated Revenue from enforcement improvements: $100+ billion/year

Economic Growth Through Strategic Investment

Education & Workforce:

Expand funding for public universities, trade schools, and STEM training, Incentivize domestic manufacturing and green tech job creation.

Infrastructure:

Invest in smart infrastructure, clean energy, housing, and public transportation.

Goal: Sustain GDP growth at 3–4% annually, similar to post-WWII years.

Debt Management Strategy

Short-Term (Years 1–5):

Stabilize the debt-to-GDP ratio.

Medium-Term (Years 6–15):

Begin reducing absolute debt levels gradually.

Reinvest savings from lower interest payments into education and innovation.

Long-Term (15+ Years):

Reduce debt to below 60% of GDP, allowing flexibility for future crises.

Total Estimated Annual Revenue Gains:

High-income taxes: $100–150B

Corporate taxes: $200–300B

Capital gains & wealth: $150B

IRS modernization/enforcement: $100B+

Total: $550–700B/year