Bill: Draft Moderate Taxes to the Rescue

[Gluonmaster]

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CONGRESS OF THE​

COMMONWEALTH OF REDMONT​

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A
BILL
To
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Relieving the deficit burden​

The people of Democracy Craft, 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:

PART I — PRELIMINARIES
1 - Short Title and Enactment

(A) This Act may be cited as the “Moderate Taxes to the Rescue (MTR)”.​

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

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(C) This Act has been co-authored by Citizen Angryhamdog, Representative Gluonmaster, and Senator TrueDarklander.​

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(D) This act has been sponsored by Gluonmaster.​

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(E) This Act has been co-sponsored by Senators Johnes, TrueDarklander and Representative EATB.​

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(F) This Act amends the following acts:​

(i) Taxation Act​

(ii) Plot Regulations Act​

2 - Reasons

(A) The government was running a deficit before the Jaron Wave, and now, in the midst of it, this deficit has aggravated. This act will begin to reduce the deficit, whilst not overly punishing one group of people.

(B) The writers of this act believe it is important to keep the government functional since many of the services the government provides are relied on by those in our society who are vulnerable. If we can't provide healthcare, protection, and a clean environment for our citizens, then we have failed as a government.


PART II — Contents

3 - Amendments to the Taxation Act:

(1) Part II, Section 4 of the Taxation Act is to be amended as follows:
"4 - Taxation Brackets
(1) Taxation brackets shall apply to Corporate and Personal Balance Taxes.
(2) The following bracket amounts are inclusive and shall be taxed at the following rates weekly:

Taxation Bracket	Taxation Rate (%)
$0.00 to $99,999.99	0
$0.00 to $49,999.99	0
$50,000.00 to $99,999.99	1
$100,000.00 to $199,999.99	1 1.2
$200,000.00 to $299,999.99	1.2 1.4
$300,000.00 - $499,999.99	1.4 2.0
$500,000.00+	1.6 3.0

(3) The net time tax rate is calculated over the time between a player’s log-in and their previous log-in. The player’s Corporate and Personal Balance upon log-in is then subject to this tax rate.
"

(2) Part II, Section 9 of the Taxation Act is to be amended as follows:
"9 - Chestshop Sales Tax
(1) Chestshop Tax percentage: 0 0.5%
(2) All Chestshop Tax revenue will be directed to the DCGovernment account.
"

(3) Part II, Section 10 of the Taxation Act is to be amended as follows:
"10 - Pruning Tax
(1) All players who have been inactive for at least 3 consecutive months will have the entirety of their personal balance transferred to the DCGovernment balance.
(2) Upon request, the total of personal funds, excluding taxes, shall be returned to the citizen if they become active once again.
(a) DCGovernment shall be responsible for repaying the citizen these funds.
(3) Pruning Taxation will incur a 20 10% tax on any returned funds.
(4) No notification shall be required for the disbandment of a sole proprietorship where the owner has been pruned under subsection (1).
"

(4) Part II, Section 14 of the Taxation Act is to be amended as follows:
"14 - Eviction Tax
(1) Eviction Tax is levied whenever the Department of Construction & Transport successfully auctions off an evicted plot in a public auction, or sells back an evicted plot to the government at 90% of its nominal value.
(2) The tax rate is calculated as 15 % a percentage of the revenue generated for the evicted owner of the plot through the auction or sellback, rounded to the nearest whole Redmont dollar. If multiple tax categories apply, the highest tax rate shall be used.
(i) The tax for plots evicted under the reason of inactivity shall be 40%.
(ii) The tax for all other evicted plots shall be 20%.
(3) The tax is collected by the Department of Construction & Transport:
(a) If it concerns a public auction, the Department withholds the tax amount from the payout of the auction revenue to the evicted owner.
(b) If it concerns a sellback, the Department fines the tax amount from the evicted owner immediately after the sellback.
(4) This tax is not levied on evictions conducted by Town governments. Towns are free to make their own arrangements in local law. Existing local arrangements will remain in full force.
"

3 - Amendments to the Plot Regulations Act

(1) Section 3 of the Plot Regulation Act is to be amended as follows:
3 - Auction Levy
(1) There shall be a tax on all eviction auctions held by the Department of Construction and Transportation based on the amount of plots the player making the winning bid has at bid submission.
(a) Town plots, wild plots, and residential plots shall be exempt from both the tax itself and the calculations for the tax.
(2) The following tax schedule shall be used:

Amount of plots owned by winning bidder (Both numbers inclusive, but not inclusive of the plot won)	Tax (as a % of bid offer)
0-9	0%
0-4	5%
5-9	10%
10-14	25%
15-20	50%
20+	75%

(4) Players who must pay auction levy tax must calculate and include the tax amount separately in their bid message.
(5) If such a player wins the auction, the Department of Construction and Transportation will charge the tax in addition to the bid amount. The property will only be transferred once the tax is paid. If the player cannot pay, the auction is void, a new one will be held, and the player will be charged with Auction Levy Neglect.
(6) Bids missing or miscalculating the required tax are invalid.