All income earned, investment, pension or otherwise shall be considered taxable.
All moneys collected shall be spent as follows:
1% shall be placed aside for use in case of formally declared war or national emergency.
2% shall be used to retire any debt the government may have occurred before the passing of this amendment.
Of the remainder one half shall be used to fund the US military and the remainder shall be spent in the way the US congress deems fitting.
No moneys shall be borrowed by the federal government to continue the normal working of the federal government.
In case of formally declared war by the Congress the tax rate may be raised to 12%.
In case of formally declared war by the Congress moneys may be borrowed but will be used only to fund the military. Any congress critter that tries to do otherwise shall be thrown down the steps of the Capital and then hung by the neck until dead.
So you’re giving up your social security and Medicare, I presume?
Where do I sign up?