People’s Project: How do we pay for it?

Where the Money Comes From

We’ll fund this country with shared responsibility. Everyone will contribute what they can and those who’ve made the most will contribute the most.

1. Taxes on Extreme Wealth

• If you make over $10 million a year, you’ll pay 40% of that income in taxes. No loopholes. No hiding.

• If you have over $50 million in total wealth, you’ll pay a small yearly tax on that wealth just like everyone pays property taxes.

• If you borrow money from your stocks, that money is now taxed like income.

2. Big Corporations Pay Fair

• All companies will pay a minimum tax, no matter how many tricks their accountants use.

• If a company pays its CEO hundreds of times more than the lowest-paid worker, they’ll get taxed extra.

• Companies can’t lay off workers just to look better to investors.

3. Fair Taxes on Money Moving Fast

• A small tax will be added to every stock, crypto, or high-speed financial trade — most people won’t feel this, but it will raise billions.

4. Land and Property Rules

• People over 65 who earn less than $500,000 don’t pay property taxes.

• People who are disabled or care for someone who is don’t pay property taxes.

• But vacant buildings and empty lots owned by rich people or corporations will be taxed more until they’re put to good use.

5. No More Free Rides for the Rich

• No more tax breaks for yachts, jets, private schools, or luxury homes.

• Churches, universities, and sports teams will pay taxes unless they’re small nonprofits doing real work for the public.