Set up the new taxes

Months 0–18 · Treasury, IRS, SSADiscuss this step

Every concrete action this step requires, who is responsible, and when it happens relative to enactment.

#	Action	Owner	When	Trade-off
1.12.1	Employer tax: add a line to Form 941 (quarterly payroll); exempt the first $250,000 of annual payroll per employer (aggregated across controlled groups to prevent splitting).	IRS	Month 6–12	A $250,000 payroll exemption protects the smallest firms but invites firm-splitting and reduces revenue.
1.12.2	Self-employed: apply the employer rate to net SE earnings above $50,000 via Schedule SE.	IRS	Month 12	Exempting self-employment earnings below $50,000 protects gig workers but creates a cliff above the threshold.
1.12.3	Household premium: collected through wage withholding (new W-4 tables) and estimated payments; exemption $16,000 single, $24,000 couple, $28,000 for 3, $32,000 for 4, plus $4,000 per additional member.	IRS	Month 9–15	Withholding-based collection is efficient but makes the new tax visible on every paycheck.
1.12.4	Top-end taxes: a 7% surtax on AGI above $1M; capital gains and qualified dividends taxed as ordinary income above $1M AGI; a 0.1% financial transactions tax collected by exchanges and brokers.	IRS / SEC	Month 6–18	Top-end taxes make financing progressive but are volatile and prone to avoidance.
1.12.5	Phase-in schedules: employer tax 40/60/80/100% of the full rate in Years 1–4; household premium 25/50/75/100%.	IRS	Years 1–4	Phasing taxes in with coverage avoids charging people before they're covered but requires temporary borrowing.
1.12.6	Publish employer and household calculators.	Treasury	Month 12	Publishing calculators builds trust but can show some households precise losses that fuel opposition.