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SECTION 1. The Congress shall have power to lay and collect taxes upon accumulated wealth, net worth, and unrealized capital gains, each without apportionment among the several States, and without regard to any census or enumeration.

SECTION 2. No tax authorized by this article shall apply to the primary residence of any natural person, nor to their accumulated net worth up to an amount equal to forty times the national per-capita personal income.

SECTION 3. The Congress shall have power to enforce this article by appropriate legislation.