Another half-baked idea

How to fix the problem of campaign financing and raise federal poverty level at the same time.
(I'll rely on the more politically astute to shoot this full of holes)

1. Only individuals can donate political money.
2. Individuals can donate a percentage of their annual income. This can be income from a job or from investments or other types of income.
3. Annual limits on donations are set in inverse proportion to income.
a. Anyone at or below FPL can donate up to 100 percent of their annual income.
b. At 125 percent of FPL, an individual can donate 90 percent of annual income
c. At 150 percent of FPL, an individual can donate 80 percent of annual income.
d. At 175 percent of FPL, 70 percent
e. At 200 percent, 60 percent
f. At 250 percent, 50 percent.
g. At 300 percent 40 percent.
h. At 350 percent 35 percent.
i. At 400 percent 30 percent.
j. At 450 percent, 25 percent
k. At 500 percent 20 percent
l. At 550 percent, 15 percent
m. At 600 percent, 10 percent
n. At 650 percent 5 percent.
o. At and above 700 percent of FPL, individuals will be limited to donating 1 percent of their annual income, with a limit of $1million.

All donations must be publicly disclosed.