Economic Amendment

Resolved by the House of Representatives and the Senate of the United States (Two-thirds of both houses concurring therein) to have the following become an amendment to the Constitution when ratified by 3/4ths of the States.

Section 1

In General — The time-to-time tax on the time period that Congress directs shall be on the net receipts of an entity within the United States times the arctangent, in radians, of the product of the natural logarithm of the net receipts, and three fiftieths, all of this then divided by the ratio of the circumference of a circle to its diameter.
Definition: net receipts, all value taken in by an entity (for mathematical purposes, this shall be according to the market value of the dollar) minus the value of all outlays of an entity in direct pursuit of profits except where the entity is a natural person performing human effort (i.e. labor is taxed exactly according to the wage).
Exemptions:
  1. Money paid to state and local governments is exempted from consideration as “net receipts.”
  2. Interest paid by banks for deposits to them is exempted both on the bank and depositor.
  3. Risk taken on to the funds of an entity to start a business to the extent the money is risked paying American workers is to that same amount exempted from their first revenue stream (layman’s terms: a two hundred percent exemption to begin) and is thereafter an exemption of the wages of those workers as generally enforced but multiplied, for each American worker's wages, by the sum of one and the ratio of the natural logarithm of the number of American workers employed by that entity and one hundred (layman’s terms: a one hundred percent base exemption thereafter, increased minutely as a business employs more Americans).
  4. For a married couple, the sum of their number and the number of their natural children and one and one-tenth their number of adoptive children="n"; tax=net receipts of all members*atan(ln(net receipts of all members/n)*.06)/π.
  5. Payments to entities to the percentage that each dollar directly provides a long-term benefit to marginalized humans are exempted from taxation.

Section 2

Either house of Congress may unilaterally strike paragraph (c) from the above if it is abused, but may reenact it and by so doing ingrain it except under the amendment procedure. Congress shall have the power to define “married couple” for the purposes of paragraph (d) or if they fail to define it or rescind their definition, then it is defined by state law for the purpose of taxation.

Section 3

The word “borrow” is stricken from Article I, Section 8, the second clause.

Further national debts are strictly limited within the fourteenth article of amendment.

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