Vetoed Balance Tax Reduction Act

[Real42]

A
BILL
To
Reduce Personal & Corporate Balance Taxes​

The people of the Commonwealth of Redmont, through their elected Representatives 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 'Balance Tax Reduction Act'.
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by Rep. TheReal42Person & Rep. MrFluffy2U94.
(4) This Act has been co-sponsored by Rep. MrFluffy2U94 & Rep. JediAJMan.

2 - Reasons
(1) The government has more money than it has had in a long time.
(2) The citizens of Redmont are paying taxes that have not been lowered in a long time.
(3) A majority of the Departments are not utilizing their entire budgets (given some exceptions), while others are overspending and abusing their funds.
(a) Lowering taxes will cut budgets (even just by a little) and restrict the Departments from abusing their budgets.
(4) If you are going to say that this will harm the government's budget and they will lose more income, do me a favor and run /bal DCGovernment in-game. The current balance is $4,675,647.98 (not including the departments).

3 - Section “4 - Personal and Corporate balance Taxation Brackets” shall be amended as follows:
“Bracket amounts are inclusive and shall be taxed at the following rates weekly:
1. $0 and $2,499 (inclusive) shall be taxed at a rate of 0% weekly.
2. $2,500 and $49,999.99 (inclusive) shall be taxed at a rate of 1% weekly.
3. $50,000 and $149,999.99 (inclusive) shall be taxed at a rate of 1.25% weekly.
4. $150,000.00 and $299,999.99 (inclusive) shall be taxed at a rate of 1.5% weekly.
5. $300,000.00 and $499,999.99 (inclusive) shall be taxed at a rate of 1.75% weekly.
6. $500,000.00 and above shall be taxed at a rate of 2% weekly.”

to:

“Bracket amounts are inclusive and shall be taxed at the following rates weekly:
1. $0 and $2,999 (inclusive) shall be taxed at a rate of 0% weekly.
2. $3,000 and $49,999.99 (inclusive) shall be taxed at a rate of 0.5% weekly.
3. $50,000 and $99,999.99 (inclusive) shall be taxed at a rate of 0.75% weekly.
4. $100,000 and $149,999.99 (inclusive) shall be taxed at a rate of 1% weekly.
5. $150,000.00 and $299,999.99 (inclusive) shall be taxed at a rate of 1.25% weekly.
6. $300,000.00 and $499,999.99 (inclusive) shall be taxed at a rate of 1.5% weekly.
7. $500,000.00 and above shall be taxed at a rate of 1.75% weekly.”

 

[LilDigiVert]

Veto

This bill has been voted because the government should be spending more money to make up for its profits. I do not want to give the next President a strained budget and income, so propose this again in 2 weeks and let them make the call.