Reply #9: I can only answer this conceptually. I have no clue what the percenatges ought to be ........

[Stinky The Clown]

.... and neither does anyone else who might answer here.

At 200% (or some other number) of the poverty level and below - no taxes at all. If an employer is paying such wages, then the employer would not be obligated to withhold taxes.

From 200% to 400% (or some other number) of the poverty level, phase in taxes at a sliding scale that does NOT penalize one by getting raises that result in higher taxes that net the person into a losing situation.

Over 400% (or some other number) up to $200,000 per year in income some rate that approximates today's lowest tax bracket.

All wages between $200K and $1,000,000 get taxed at today's maximum rate. Above $1,000,000 in income tax them at 90%.

Oh yeah .... corporations -enforce the fucking laws and tax them heavily for excess profits. I'll leave it up to ***liberal*** money people to figure out what this means. I am not opposed to confiscatory rates for some of them.

Tax stock-based cap gains and all dividends are ordinary income.

Cap gains on one's primary residence never get taxed. Ever. No such benefit for second homes, vacation homes, boats, campers, etc.