Short and sweet- NO INCOME TAX ON WORKING CLASS BONUSES. Excluding executive level employees, VP and Above… I.e.- VP, Sr VP, Executive Director, Partner, Managing Partner, President, CEO, COO, CFO, etc excluded.
This is to foster the working class people, and put more spending dollars back into the economy and to allow people to better save for their retirement accounts.
It could be for a short term project bonus, a quarterly bonus, or a year end bonus.
It would further stimulate the economy by encouraging employees to work harder to earn those bonuses. It would build and grow businesses stronger in America because the harder people work to obtain their goal of a bonus, the better those businesses would be within our country.