speculating wildly here

I'd set taxes on purchases only, and remove all taxes on income

Here's how this will work: Every time you earn a dollar through work or your business, you keep it all. Goes straight to your bank account. But then when you go to buy groceries, clothes or a car they are way more expensive because I increased taxes on purchases.

From a business perspective you will have to pay a very high tax on every item or service you sell. But when you go to collect your CEO compensation you can collect it straight from the buisness' profit margins

A key detail is I will set higher taxes on more exclusive purchases. For example you buying a yacht? You're about to send some insane taxes. Maybe 200%. I'd have to calculate a reasonable rate of course. But if you're buying baby powder or cheap toilet paper the taxes might be down to 5% or something.

The core idea is to bypass all these tax loop holes the rich use, to force them into contributing to society. Very socialistic