#TinyTax Proposed Timeline

Mark Wins the Democratic primary and goes on to face Rep. Tony Wied

Mark wins the Congressional general election

Mark is sworn in as Representative for Wisconsin's 8th Congressional District and begins the process of implementing the #TinyTax.

“We do not flip a switch overnight. We phase in a simpler system, prove that it works, protect federal revenue, and then phase out the old system step by step.”

This phase would include:

• introducing the Tiny Tax Transition Act
• ordering a full Treasury, CBO, GAO, and Joint Committee on Taxation review
• holding hearings with economists, payment system experts, banks, exchanges, small business groups, labor, and consumer advocates
• defining exactly which transactions are taxed
• defining exactly which transactions are exempt
• building protections against cascading taxes on everyday low-dollar activity
• establishing a public transition timeline of perhaps 6 to 10 years

“I am not asking Congress to blindly replace the tax code. I’m asking Congress to begin a controlled transition to something simpler, fairer, and more efficient.”

Instead of replacing everything at once, Congress could pass a small initial Tiny Tax rate alongside the existing code.

This starter phase would do several things:

• prove that the collection mechanism works
• prove that revenue can be tracked accurately
• test market behavior
• allow agencies and payment processors to adapt
• begin generating revenue before larger tax cuts take effect

This would be a parallel system rather than a replacement system at first.

For example, the first enacted version would:

• start at a very low rate
• apply broadly to large financial and digital transaction rails
• exempt or cushion certain consumer essentials at first
• dedicate early revenue to deficit reduction, payroll tax relief, or targeted income tax relief

Mark wins the Congressional general election and is re-elected to the House of Representatives for a 2nd term.

Once the starter system is working, the next political step is crucial:

Use Tiny Tax revenue to fund visible tax cuts.

That would mean:

• raising the standard deduction dramatically
• eliminating federal income tax for lower- and middle-income households up to a threshold
• reducing or eliminating corporate income tax for small and mid-sized domestic businesses first
• reducing payroll taxes, especially for workers under a certain income level
• eliminating filing requirements for millions of households

“We are not adding a new tax on top of the old system forever. We are using the new system to retire the old burdens.”

After proof of concept and early revenue performance, we would move to the next legislative package.

This package would:

• repeal large sections of the individual income tax code
• eliminate many deductions, credits, exclusions, and compliance layers
• eliminate the corporate income tax for most firms or altogether
• reduce the IRS compliance role and shift enforcement toward automated transaction collection oversight
• create a transition authority to unwind old tax administration systems gradually

Mark wins Congressional general election and is re-elected to the House of Representatives for a 3rd and final term.

If the system performs as intended, we would  push for full repeal of the federal personal income tax and federal corporate income tax.

For instance, Congress would:

• repeal broad income taxation
• repeal the corporate income tax
• preserve narrow anti-abuse provisions
• preserve transition rules for cross-border income, tax treaties, and legacy obligations
• maintain a temporary fallback authority if revenue drops below a defined threshold