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Reparations v2.0


Yes, justice everyone can and should support!


o simple even, yes, a liberal can do it.®

After the R2 Bill becomes law, "(a) There is imposed on the taxable income of any person who votes for the presidential nominee of a political party that, before ratification of the thirteenth Article of Amendment to the Constitution of the United States, had ever nominated a candidate for President who at the time of such nomination lawfully owned one or more slaves, a reparations tax determined in accordance with the following table:

If taxable income is:The reparations tax is:
Not over $40,00010% of taxable income.
Over $40,000 but not over $90,000$4,000, plus 20% of the excess over $40,000
Over $90,000 but not over $150,000$14,000, plus 30% of the excess over $90,000
Over $150,000 but not over $260,000$32,000, plus 40% of the excess over $150,000
Over $260,000$76,000, plus 50% of the excess over $260,000

"(b) In addition to any tax imposed by subsection (a), there is imposed on the taxable income of any person who becomes an officer, delegate, member, or registered voter of such political party, a reparations tax for every instance of his or her becoming an officer, delegate, member, or registered voter of that party, determined in accordance with the following table:

If taxable income is:The reparations tax is:
Not over $40,00010% of taxable income.
Over $40,000 but not over $90,000$4,000, plus 30% of the excess over $40,000
Over $90,000 but not over $150,000$19,000, plus 50% of the excess over $90,000
Over $150,000 but not over $260,000$49,000, plus 70% of the excess over $150,000
Over $260,000$126,000, plus 90% of the excess over $260,000

"(c) For each taxable year, the total amount of tax imposed by subsections (a) and (b) on the taxable income of any person, shall not exceed 90 percent of his or her taxable income."

The above covers who all "pay their fair share" to fund the reparations credits. Now for the credits themselves:

After the R2 Bill becomes law, "(a)(1) There shall be allowed as a credit against the tax imposed by [the Internal Revenue Code] for the taxable year with respect to each qualifying ancestor of the taxpayer an amount equal to the per ancestor amount. (2) For purposes of paragraph (1), the per ancestor amount shall be determined as follows:

In the case of any taxable year beginning in –The per ancestor amount is –
2010, 2011, 2012, or 2013$1,200
2014, 2015, 2016, or 2017$1,400
2019 or thereafter$2,000

"(b)(1) The amount of the credit allowable under subsection (a) shall be reduced (but not below zero) by $50 for each $1,000 (or fraction thereof) by which the taxpayer's modified adjusted gross income exceeds the threshold amount. For purposes of the preceding sentence, the term 'modified adjusted gross income' means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933 [of the Internal Revenue Code]. (2) For purposes of paragraph (1), the term 'threshold amount' means (A) $250,000 in the case of three or more qualifying ancestors, (B) $100,000 in the case of two qualifying ancestors, and (C) $75,000 in the case of one qualifying ancestor.

"(c) For purposes of this section, the term 'qualifying ancestor' means any individual if (1) the taxpayer is a direct descendant of such individual and (2) such individual was, during any period of 12 consecutive months after July 1776, a slave lawfully owned for at least 330 full days in such period by one or more citizens or residents of the United States.

"(d)(1) For any taxable year, if the total amount of revenue raised by the reparations tax does not exceed the total amount of reparations credits allowed, every credit for the next taxable year shall be reduced in the proportion which the difference between those total amounts bears to the total amount of such credits. (2) If any reduction determined under paragraph (1) is not a multiple of $50, such reduction shall be rounded to the next lowest multiple of $50."

Insofar as the wealth of knuckle-dragging, mouth-breathing liberal Democrook Party office holders(birm) is going to be spread around much more than a bit among many of their own voters, none of those reparations tax payers will have anything to complain about (unless, of course, they're racists).

For one thing, that party's evil-rich office holders are paying almost all of the tax. This, in turn, gives low- to moderate-income recipients of multiple-ancestor reparations credits an irresitable incentive to keep voting them back into office, especially since such credits are normally more than the amount of tax each of those recipients would pay for doing so.

Again, if any evil-rich Democorrupt office holder like Acting Co-President Nanny "Statist" Peloose-screwi tries to switch parties, she'll be not only guilty of hurting the poor but deservedly branded a racist.

It's a win-win reparations plan to Promote A Common Good And A Higher Interest Shared By All™.

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