RandomIntruder
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RandomIntruder
economist
- Joined
- Oct 3, 2022
- Messages
- 118
- Thread Author
- #1
A
BILL
To
Create Progressive Corporate Taxes
The people of the Commonwealth of Redmont, through their elected Representatives and Senators in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:
1 - Short Title and Enactment
(1) This Act may be cited as the “Corporate Tax Amendment Act”.
(2) This Act shall be enacted immediately upon its signage.
(3) Authored by Rep. RandomIntruder
(4) Co-Sponsored by Rep. Bibsfi4a
2 - Reasons
(1) Small businesses are paying too much in taxes and large multi-million dollar companies are not paying anywhere near enough.
(2) The government is working in a massive deficit right now.
3 - Terms
(1) Section 6 subsection 1 of the Taxation Act titled “Corporate Tax” shall be amended as follows:
(1) Corporate Balances shall be taxed at a rate of 1% per week the following tax rates:
1. Corporate balances between $0.00 and $49,999.99 (inclusive) shall be taxed at a rate of 1% weekly.
2. Corporate balances between $50,000 and $149,999.99 (inclusive) shall be taxed at a rate of 1.25% weekly.
3. Corporate balances between $150,000.00 and $299,999.99 (inclusive) shall be taxed at a rate of 1.5% weekly.
4. Corporate balances between $300,000.00 and $499,999.99 (inclusive) shall be taxed at a rate of 1.75% weekly.
5. Corporate balances at and above $500,000.00 shall be taxed at a rate of 2% weekly.
BILL
To
Create Progressive Corporate Taxes
The people of the Commonwealth of Redmont, through their elected Representatives and Senators in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:
1 - Short Title and Enactment
(1) This Act may be cited as the “Corporate Tax Amendment Act”.
(2) This Act shall be enacted immediately upon its signage.
(3) Authored by Rep. RandomIntruder
(4) Co-Sponsored by Rep. Bibsfi4a
2 - Reasons
(1) Small businesses are paying too much in taxes and large multi-million dollar companies are not paying anywhere near enough.
(2) The government is working in a massive deficit right now.
3 - Terms
(1) Section 6 subsection 1 of the Taxation Act titled “Corporate Tax” shall be amended as follows:
(1) Corporate Balances shall be taxed at a rate of 1% per week the following tax rates:
1. Corporate balances between $0.00 and $49,999.99 (inclusive) shall be taxed at a rate of 1% weekly.
2. Corporate balances between $50,000 and $149,999.99 (inclusive) shall be taxed at a rate of 1.25% weekly.
3. Corporate balances between $150,000.00 and $299,999.99 (inclusive) shall be taxed at a rate of 1.5% weekly.
4. Corporate balances between $300,000.00 and $499,999.99 (inclusive) shall be taxed at a rate of 1.75% weekly.
5. Corporate balances at and above $500,000.00 shall be taxed at a rate of 2% weekly.
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