SECTION 1. Every census prescribed by the Second Section of the first Article of this Constitution shall calculate and publish the national median Household net worth accounting for every Household subject to the jurisdiction of the United States, and every household located on every Indian reservation, and all factors relevant to the determination thereof.

SECTION 2. Congress shall annually lay and collect taxes on every Household described in the preceding section whose net worth would otherwise exceed a prescribed multiple of the amount last published pursuant thereto, which for all property located within any territory subject to the jurisdiction of the United States, including all Indian reservations, shall, in the aggregate, initially be and never exceed [ten Thousand] times, or reduced below [one Thousand] times thereof[; and for all property located in all other territories shall, in the aggregate, never exceed [one-fifth] the limit established by such preceding multiple as is then in effect and as may change from time to time as described in the following sentence]. Congress shall prescribe such multiple within sixty days after the publication of each census, which multiple will remain in effect until adjusted by Congress after a subsequent census or as provided in the fifth section of this Article.

In determining liability for such taxes Congress shall account for all Property directly and indirectly beneficially owned by or for all natural Persons within such Households without regard to title, but disregard from the calculation of net worth: the appraised value of all Real Property not exceeding, in the aggregate, [one Hundred] times the multiple established in the preceding paragraph, to the extent used for non-commercial personal or household purposes; and, unless any such Person is or becomes employed by the government of any State or subdivision or the Government of the United States or, seeks to influence any Officer or Member of the Congress or of the Legislature thereof with regard to any act within the scope of their duties after the effective date of this article, and prior thereto with respect to the ratification of this article, or shall have been anywhere duly convicted of any felony, financial, or electoral crime, the value of any corpus of Property existing prior to the date this article (or any reduced multiple) takes effect which: is as of such effective date located within and not thereafter removed from the United States; or cannot actually be located within the United States without regard to any Treaty or foreign law conceived in subversion hereof.

Within [ninety] days after the ratification of this article, Congress shall prescribe legislation to effect the foregoing Intent and Purposes and punish and deter the evasion thereof without regard to any renunciation of citizenship, redomestication of any Household or any Person thereof (or any of its or their respective beneficiaries, heirs, descendants, successors, or assigns), expatriation of any Property outside of any territory subject to the jurisdiction of the United States, apportionment among the States, uniformity, any other census or enumeration or any other provision of this Constitution or of any Treaty or law. Such legislation may authorize, without limitation, the cancellation, modification, assignment, or transfer to the benefit of the States of any indebtedness or other obligation owed by the government to any Persons evading such taxes. The provisions of this article shall impose no cost or material administrative burden upon any Household other than those which are, or reasonably may be, liable for the tax imposed hereby.

Subject to the preceding paragraph, Congress may exempt from any provisions of this article foreign Households not circumventing its Intents and Purposes for the benefit of, or including, any current or former United States Persons, citizens, or resident aliens, or any of their respective beneficiaries, heirs, descendants, successors, or assigns, in perpetuity.

SECTION 3. Congress shall never impose any wealth, property, or any other direct or indirect tax determined based on the net worth or value of any Household assets, whether realized or unrealized, upon any Household, whose net worth, after giving effect to the principles described in the preceding two sections of this article, and during such time, is then below the multiple established by the second section of this article and as may be adjusted and in effect from time to time. Congress shall impose no new federal income taxes upon any Households as described in the preceding sentence, or increase the relative rates of federal income taxes payable by any such Households according to their criteria in effect as of the ratification date of this article, and shall in addition suspend all federal inheritance taxes, for a period of [twenty years] after the date this article takes effect. Congress shall suspend all taxes on all for-profit businesses incorporated, domiciled, and otherwise obligated to pay taxes within the United States, up to an amount, calculated on an annual basis, equal to [ten times] the multiple established in the second section of this article, for a period of [twenty years] after the date this article takes effect.

SECTION 4. The Treasury shall distribute [all] Revenues collected in accordance with this article equally to each State ratifying this article within [sixty] days after its ratification by three-fourths thereof. Absent manifest error, controversies between States concerning such distributions shall be resolved favoring the more populous claimants. No State which fails to timely ratify this article shall ever be entitled to any portion of the revenues raised pursuant hereto, and no amendment to this prohibition shall be made or effective, without the consent of each State timely ratifying this article in the first instance.

SECTION 5. This article shall take effect and the next census made within three years after the date of ratification, and every subsequent census every [fifth] year thereafter. Congress shall allocate all resources as necessary, and the President shall use the executive power, to ensure the full and complete enforcement of the provisions of this article and the complete, accurate and impartial conduct of each census. Any State timely ratifying this article may bring suit in any Court of the United States to compel the enforcement of any provision herein. No Treaty shall be made, confirmed, or enforced to the extent conflicting with this article.

SECTION 6. Congress may suspend the tax required by this article, but only during such period that the aggregate net worth owned by the [middle three quintiles by annual income] of all Households described in the first section of this article exceeds [fifty percent] of the entire net worth owned by all Households described in the first section of this article, as determined by the last-published census; at all other times the tax shall automatically and without further action of Congress be reinstated in the last-effective multiple before such suspension, until Congress further adjusts such multiple as provided in the second section of this article.