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Tax Code Overview



BUSINESS TAXES: 10% flat tax for US-based businesses based on total net profit. No write-offs, loop holes, or deductions for foreign taxes paid. 100% of global net profit used to evaluate taxable US income. Eight different, one page federal tax filings based on yearly revenue: $500K, $5M, $50M, $500M, $5B, $20B, <$50B, >$50B Wages and exempted income levels specified are to be adjusted in the future for inflation. $500K or less: $3K of profit per US citizen employed exempt, 10% tax. If the company employs a 100% US citizen workforce, excluding owner(s), at a minimum of $750/week the company receives a 50% tax break. 100% tax break if all employees make 75% or more of the top compensation level in the company, including owner(s), with no minimum pay level, requires employment of one US citizen. Minimum of 40 available work hours per US citizen and the company pays 50% of employee healthcare costs. $5 Million or less: $3K of profit per US citizen employed exempt, 10% tax. If the company employs a 100% US citizen workforce at a minimum of $775/week the company receives a 50% tax break. 100% tax break if all employees make 50% or more of the top compensation level in the company. Maximum of 55 hours and a minimum of 40 available work hours per US citizen and company pays 50% of employee healthcare costs. $50 Million or less: $3K of profit per US citizen employed exempt, 10% tax. If the company employs a 100% US citizen workforce at a minimum of $825/week the company receives a 50% tax break. 90% USA citizen workforce required for International companies. 100% tax break if all US citizens employed make 40% or more of the top compensation level in the company. Maximum of 55 and minimum of 40 available hours per week per US citizen and company pays 50% of employee healthcare costs. $500 Million or less: $3K of profit per US citizen employed exempt, 10% tax. If the company employs a 90% US citizen workforce at a minimum of $850/week the company receives a 50% tax break. 80% USA citizen workforce required for international companies. 100% tax break if all US citizens employed make 30% or more of the top compensation level in the company. Maximum of 55 and minimum of 40 available hours per week per US citizen and company pays 50% of employee healthcare costs. $5 Billion or less: $3K of profit per US citizen employed exempt, 10% tax. If the company employs an 85% US citizen workforce at a minimum of $900/week the company receives a 50% tax break. 70% US citizen workforce required for international companies. 100% tax break if all US citizens employed make 25% or more of the top compensation level in the company. Maximum of 55 and minimum of 40 available hours per week per US citizen and company pays 50% of employee healthcare costs. $20 Billion or less: $3K of profit per US citizen employed exempt, 10% tax. If the company employs a 80% US citizen workforce at a minimum of $950/week the company receives a 50% tax break. 65% USA citizen workforce required for international companies. 100% tax break if all US citizens employed make 20% or more of the top compensation level in the company. Maximum of 55 and minimum of 40 available hours per week per US citizen and company pays 50% of employee healthcare costs. $50 Billion or less: $3K of profit per US citizen employed exempt, 10% tax. If the company employs a 70% US citizen workforce at a minimum of $1000/week the company receives a 50% tax break. 60% USA citizen workforce required for international companies generating more than 30% of revenue abroad. 100% tax break if all US citizens employed make 20% or more of the top compensation level in the company. Maximum of 55 and minimum of 40 available hours per week per US citizen and company pays 50% of employee healthcare costs. over $50 Billion: $3K of profit per US citizen employed exempt, 10% tax. If the company employs a 65% US citizen workforce at a minimum of $1050/week the company receives a 50% tax break. 50% USA citizen workforce required for international companies generating more than 25% of revenue abroad. 100% tax break if all US citizens employed make 15% or more of the top compensation level in the company. Maximum of 55 and minimum of 40 available hours per week per US citizen and company pays 50% of employee healthcare costs. BUSINESS EXPORT TAX: Businesses relocating headquarters outside of the US will pay a one-time 25% tax on the total value of all global assets, including cash, real estate, inventory, equipment and investments. No future benefits from fire, police, or military services provided by the USA, regardless of location, without payment for services provided. NON-PROFITS: One page filing showing revenue and spending on their cause. Less than 10% rate of overhead required to maintain non-profit status, 10% + overhead files as a business above. PERSONAL TAXES: Single Taxpayer: 10%, first 10K of income exempt. Married Couple: 10%, first 20K of income exempt. Single Parent: 10%, first 20K of income exempt. Married Couple one Child: 10%, first 25K of income exempt. Married Couple with Children: 10%, first 35K of income exempt. Taxpayers With Yearly Incomes Above $1,000,000/year: 20%, first 10K of income exempt. Taxpayers With Yearly Incomes Above $250,000/year, US Citizens Investing Capital Domestically: Start a NEW business which creates ONE job on American soil employing a US citizen for EVERY $1 million of total personal net worth of all measurable assets, both domestic and abroad, and receive a 50% tax deduction. Total compensation for US citizens of $700 per week required and company pays 50% of employee healthcare costs. Deduction increases to 100% with minimum compensation to all employed US citizens at $1100 per week. Jobs must be permanent additions to the US economy and not seasonal, temporary and must not be relocated outside of the USA for ten years or the total tax deductions received will be forfeit and recovered from any asset available. PERSONAL DEDUCTIONS FOR CHARITABLE DONATIONS: Percentage of tax deduction for donation write-off corresponds with the percentage of each donated dollar not spent on the overhead of the charity in question. PERSONAL DEDUCTION FOR REAL ESTATE INVESTMENT: 100% of the down payment for new home buyers is tax deductible up to $10,000. One time only, maximum purchase price of home not to exceed $200,000, owner-occupied property only. Must own the home for five years. PERSONAL DEDUCTION FOR EDUCATION EXPENSES: Higher education expenses paid by US citizens in US institutions are 50% deductible against taxable income. Deductible expenses include tuition, books, and other fees due to the domestic US institution of their choice. Student loan interest is 100% deductible. PERSONAL DEDUCTION FOR HEALTHCARE EXPENSES: 50% deductible against federal taxes after $1K. Above $10K is 100% deductible. Write-offs by providers due to non-payment of services received by US citizens is 80% deductible. RENEWABLE ENERGY CREDIT FOR CITIZENS AND BUSINESS: 125% of spending on renewable energy is deductible. Source and installation of all components must be in the USA and 100% of labor for the design, manufacture and installation must be provided by US citizens. Import of raw materials is acceptable, but only when they are not available in sufficient quantity domestically.
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