; or (B) $250,000 in the case of a married taxpayer (as defined in section 7703) filing a separate return ½ the dollar amount under (a). (b) Tax mechanism The Secretary of the Treasury, in consultation with the Commissioner of the Internal Revenue Service, shall establish a system to record, collect, and notify top 1-percent income earners of taxes needing to be paid on their emergency rebates. 7. Reports regarding long-term economic resiliency tools Not later than 365 days after the date of enactment of this Act, and annually thereafter, the Director of the Congressional Budget Office, in consultation with the Secretary of Treasury and Chair of the Federal Reserve, shall submit to Congress a report on how the United States Government could establish and implement alternative fiscal stimulus and economic stabilization policies, such as guaranteed income, to improve readiness for future extreme downturn caused by depressions, pandemics, and climate change catastrophes.