the supplemental filing form is all that’s required; the compliance architecture (automated detection, anti‑avoidance rules, voluntary‑disclosure incentives, and the public‑good credit) stays the same.

Substantial revenue potential – Even with conservative assumptions, the design could generate over $1 trillion annually, providing a powerful fiscal lever without reshaping the broader tax system.

@heidilifeldman @fivetonsflax

@fivetonsflax

Establish an essential living threshold.

Transparent threshold – $761 k is derived directly from the average grocery‑share of disposable income for the bottom 99 % of households.

Targeted surcharge – A 90 % marginal tax applies only to income above that level, isolating the ultra‑wealthy while preserving the existing progressive brackets for virtually everyone else.

Minimal administrative change – Updating the statutory threshold and @heidilifeldman