You are elected POTUS. What is your income tax plan?

[HagridOfTheDeep]

I'm going to cheat.

Income tax
$0 - 28,282........00%
$28,283 - 57,164.......08%
$57,165 - 85,746.......10%
$85,747 - 114,328.......25%
$114,329 - 142,911......29%
$142,912 - 171,493......32.5%
$171,494 - 200,075......36%
$200,076 - 228,657......40%
$228,658 - 257,239......43%
$257,240 - 285,822......46%
$285,823 - 314,404......49%
$314,405 - 371,568......52%
$371,569 - 457,315......55%
$457,316 - 543,061......58%
$543,062 - 628,808......61%
$628,809 - 714,555......63%
$714,556 - 857,466......66%
$857,467 - 1,000,377.......69%
$1,000,378 - 1,143,288....72%
$1,143,289 - 1,286,199....75%
$1,286,200 - 1,429,110....83.5%
$1,429,111 - 2,143,665....89%
$2,143,666 - 2,858,220....92%
$2,858,221+..................95%

Capital Gains tax
Tax the same as regular income.

Corporate tax
Double the top corporate income tax rates and make the tax more progressive. Excess profits tax on any corporation supplying war material.

Estate tax
Replace with a one hundred percent tax on inherited wealth.

Payroll tax
End the payroll tax cap, force high earners to pay into the system.

In addition, implement a universal basic income of $28,282 per individual per year.

This is the type of dumb stuff I'm talking about in the other thread. If you make $3,000,000 under this scheme, you are left with $150,000. If you make $350,000, you get more—$168,000! Please tell me where there is any incentive in there to innovate, start a business, create jobs, or generally contribute to the cultural, scientific, and technological progress of American society? I don't see it. Even if you tailor the tax code to avoid a scenario where "more is less," such a stark system of diminishing returns would have the exact same effect.

To answer the OP's question, my tax code would be exactly what it is now, and I would never, ever change it.