Then, after that lower taxes for people in poverty to 8%. Then, everybody making under $250,000 a year should keep their tax bracket the same. People making $250,000-$400,000 a year should pay 38%, people making $400,000-$1,000,000 a year should pay 40%, and from here on out capital gains other than real estate count as ordinary income, people who make $1,000,000-$10,000,000 a year should pay 55%, from here on out all capital gains count as ordinary income, people who make $10,000,000-$1,000,000,000 a year should pay 70%, people who make $1,000,000,000 or more should pay 85%, for capital gains that don’t add up to this scale the tax rate should be 31.5%, the estate tax rate should range from 25% to 55%, Billionaires should pay a 3% net worth tax, and millionaires a 0.1% net worth tax. In addition, corporate tax rates should be what they were under Obama for small businesses but with a 3% increase if they use fossil fuels and a 20% increase if they are large multinational corporations and use fossil fuels.
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