Bill: Draft Chestshops Tax Rates Act

[Wiitedo]

CONGRESS OF THE
COMMONWEALTH OF REDMONT
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A BILL TO

Amend Chestshop Tax




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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:


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PART I — PRELIMINARIES

1. Short Title and Enactment

(1) This Act may be cited as the ‘Chestshop Tax Amendment Act’

(2) This Act shall be enacted immediately upon its signage.

(3) This Act has been authored by Wiitedo.

(4) This Act has been co-sponsored by UntitledSteve.

(5) This Act amends the following acts:

(a) Act of Congress - Taxation Act


2. Reasons and Intent

(1) It would be better tax rates for the community and earn us more from big companies.

(2) It would help small businesses grow before getting more tax.

(3) The original imposed 2.5% Tax on chestshops would affect all players.



PART II — Ammendments

4. Ammendments to Act of Congress - Taxation Act

(1) Part IV Section 1 shall be amended as follows:

(1) A chestshop sales tax of 2.5% is imposed on every chestshop transaction.

(1) A chestshop sales tax shall be imposed according to the following rates depending on a player or businesses account balance:

(a) Below $50,000: 1%

(b) $50,000 to $99,999: 1.5%

(c) $100,000 to $199,999: 2%

(d) $200,000 to $299,999: 2.5%

(e) $300,000 to $499,999: 3%

(f) $500,000 and above: 3.5%.

 

[UntitledSteve]

- The taxes seem fine to me, rich get taxed and poor get taxed less, everyones happy!

 

[lovepurplepoodle]

I believe staff have said this is not possible but I could be wrong

 

[eatean]

- As I've said before — whilst this bill is substantially better than the others I've commented on — I ultimately cannot support any bill regarding a chestshop tax which does not include the necessary provisions to include the price into the sign. If including the price onto the sign is confirmed as impossible by staff, then I would Aye this bill.

 

[Dogen851]

- So rich companies with a non-profit scheme, that would greatly affect them too.
Say you ran a Non-Profit Company dedicated to helping new players with a current company balance of 280k while you yourself only have 40k.

You would be in the (e) $300,000 to $499,999: 3% tax bracket.
Whereas you should only be fined (in my opinion) 1% due to below 50k.

 

[EmeraldGuuy]

- The general idea is good I feel. I just think that staff cannot implement it and also what Dogen said applies

 

[HatManMC]

- Though, as many others have said, the concept is theoretically honorable, staff likely wouldn't be able to implement this. Checking the balance of a chestshop's owner would be resource intensive, and ultimately antithetical to the point of a sales tax. Also, I concur with Dogen - non-profits would be punished the most. I think if we're going to work on the sales tax (which we shouldn't imo), then we should target different points than this one.