Taxation

This page outlines the New Reform Party’s proposed changes related to Taxation. All reforms are designed to strengthen democratic values, restore public trust, and serve the common good.

Key Reform #1

Eliminate tax filing for most Americans by allowing the IRS to calculate taxes from employer-reported income.

Key Reform #2

Introduce new tax brackets with a 40% top rate for individuals earning over $1M.

Key Reform #3

Tax capital gains over $1M at ordinary income rates, excluding the sale of a primary residence or small family business.