Act of Congress Taxation Act

End

End

Owner
Owner
Construction Secretary
Construction & Transport Department
President Order of Redmont Trifecta
xEndeavour
xEndeavour
Construction Secretary
Joined
Apr 7, 2020
Messages
2,548
MAR 25 2021

House Vote: 9-0-1
Senate Vote: 4-0-1

A
BILL
To

Provide for taxation

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:

1 - Short Title and Enactment
(1) This Act may be cited as the “Taxation Act”.
(2) This Act shall be enacted immediately upon its signage.

2 - Reasons
To simplify and consolidate taxation laws into one act.

3 - Consolidation
The following will take the form of a reply to this act.
a. https://democracycraft.net/threads/first-wealth-tax-act.2569/
b. https://democracycraft.net/threads/tax-evasion-revaluation-act.2425/
c. https://democracycraft.net/threads/pruning-tax-act.3065/

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 BracketTaxation Rate (%)
$0.00 to $49,999.990
$50,000.00 to $99,999.991
$100,000.00 to $199,999.991.2
$200,000.00 - $399,999.991.4
$400,000.00+1.8
(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.

5 - Financial Institutions Tax
(1) Deposit-taking financial institutions will be taxed on their monthly reported profit.
(a) This tax will be fined by the Department of Commerce.
(b) Taxation is due by the end of the second week of the following month.
(2) Financial Institution Taxation Rates:

Taxation TypeTaxation Rate
Financial Institution Tax10%
Financial Institution Depositor Insurance Tax10%
Total20% of Profits

6 - Financial Institution Taxation Exemptions
(1) Deposit-taking financial institutions will be exempt from all balance taxes, as defined in the Banking Act (or succeeding acts).
(a) Exemption takes effect from the point of acceptance and registration from the Department of Commerce.
(b) Exemption may be repealed by the Commerce Secretary or delegate if the institution does not meet the requirements of this Act.

7 - Financial Records and Reporting
(1) Deposit-taking financial institutions must keep detailed accounts of their investment revenue and obligations to their depositors.
(a) Should deposit-taking financial institutions misrepresent their profits to the Department of Commerce, the entity will be liable for prosecution.
(b) Profits shall be calculated as the earnings the financial institution keeps after all operating costs are paid. Profit shall be calculated from the date of the last report or, in the first report, the first day of trading.
(2) Deposit-taking financial institutions are required to report to the Department of Commerce by the end of the first week of the succeeding month:

FINANCIAL REPORT​
(a) Profits.​
(b) Total assets and liabilities as of the last day of the preceding month.​
(c) Any significant changes in the financial condition or operations of the institution.​
(d) A summary of the institution's investment portfolio, including details on securities, loans, and other financial instruments held.​
(e) Information on any regulatory actions, legal proceedings, or other material events that may impact the institution's financial stability.​
(f) Compliance status with relevant financial regulations and guidelines.​

(3) Failure to comply with reporting requirements will result in the financial institution surrendering its taxation exemption status until a report is submitted.

8 - Powers of the Department of Commerce
(1) Historical events have proven that strong regulatory powers are necessary for the adequate protection of the depositors of deposit-taking institutions.
(2) These powers are vested in the Department of Commerce to uphold the integrity of financial institution taxation, ensure compliance with regulations, and protect the interests of depositors and the broader financial system.
(3) The Department of Commerce will have the following non-exhaustive powers in relation to regulating financial institution tax obligations:

(a) Audit and Inspection Authority. The Department shall have the authority to conduct regular audits and inspections of the financial records of deposit-taking financial institutions. This includes verifying the accuracy of reported profits and confirming legal compliance.
(b) Exemption Verification. The Department may verify the eligibility of deposit-taking financial institutions for taxation exemptions as outlined in Section 5. This includes assessing whether institutions meet the necessary requirements and, if necessary, revoking exemptions for non-compliance.
(c) Enforcement of Taxation. The Department is empowered to enforce the taxation provisions outlined in Section 7. This involves assessing, collecting, and overseeing the proper payment of monthly taxes by deposit-taking financial institutions.
(d) Investigation of Misrepresentation. In cases where misrepresentation of profits is suspected, the Department has the authority to conduct thorough investigations into the financial records of deposit-taking financial institutions. If intentional misrepresentation is confirmed, the Department may take legal action, including prosecution.

(3) The Department of Commerce will have the following non-exhaustive general powers in relation to regulating financial institutions:

(a) Registration: The Department of Commerce will have the power to assess an institution's eligibility, financial viability, and compliance with regulatory requirements prior to registration as a financial institution.
(b) Deregistration: The Department of Commerce will have the power to deregister financial institutions. This authority is granted to address instances of persistent non-compliance with regulations and or laws. Investigatory and legal due diligence, the best interests of the depositors, and restraint must be considered and applied in exercising deregistration.
(c) Commandeer: In extraordinary situations, the Department of Commerce has the power to commandeer and take temporary control of a financial institution. This authority is reserved for exceptional circumstances, such as insolvency, near insolvency, financial crises, or situations where the institution's continued operation poses a systemic risk to the financial system or depositors.
(d) Seizure and Sale. The Department of Commerce may consider commercial remedies such as selling a collapsed bank (or parts of a collapsed bank) to other interested financial institutions/parties. This may only take place when it is in the best interests of the depositors. Additionally, the Department may seize the assets of Directors/Owners of the Financial Institutions (with the least required disturbance to their estate) to recover debts.

9 - Deposit Guarantee
(1) The Federal Government will guarantee deposits of up to $50,000 per person, per authorised financial institution.
(2) All registered Financial Institutions are automatically covered under the terms of this deposit guarantee as authorised institutions.
(a) Institutions not compliant with this Act will be deregistered as a financial institution.
(b) Deposits will be covered by the Deposit guarantee for 30 days post-deregistration.
(c) The DOC is able to seize Financial Institution and Director/Owner assets to recover the costs to depositors. This process must be done with the least practicable disruption to the estate targeted.
(3) The Deposit Guarantee is Financial Institution Depositor Insurance (FIDI) and is compulsory for the stability of the financial system.
(4) The contributions of Financial Institutions serve to offset past and future payouts, but does not imply the existence of an exhaustive fund.
(5) Once s9(2)(c) has been exhausted, the DOC is pre-authorised to use unappropriated Government funds to satisfy the payment of the Deposit Guarantee to impacted depositors.

10 - Financial Institution Rights
(1) Information shared with regulatory bodies must satisfy a 'need-to-know' principle. For example:
(a) The Department of Commerce does not always need to know the identity of account holders.
(b) The Department of Commerce needs to have a reasonable justification for accessing the data it is requesting (this justification does not have to be shared with the Financial Institution).
(2) The Department of Commerce can only compel a Financial Institution to produce information in the course of its official duties.
(3) The Department of Commerce must treat the data of Financial Institutions as commercial-in-confidence, with the sole exception to this being the usage of strictly necessary data in a public report, and only to the extent required to describe and justify the reasoning behind any regulatory or enforcement action performed by the Department, including those listed in §8 of this Act.

11 - Chestshop Sales Tax
(1) Chestshop Tax percentage: 0%
(2) All Chestshop Tax revenue will be directed to the DCGovernment account.

12 - 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) The Federal Reserve Bank shall be responsible for repaying the citizen these funds.
(3) Pruning Taxation will incur a 10% tax on any returned funds.

13 - Property Tax
(1) Where x is the amount of plots a player owns, and y is the amount taxed per day, property taxes shall be calculated as follows: y = 2.5(x^2)-6x
(2) Players shall not be taxed for property tax if they own 3 or fewer plots.
(3) If a plot is registered as an active storefront, that plot shall not be calculated in determining property tax. Only up to 7 plots per person may be excluded from the property tax calculations in this way.
(a) Plots must be manually requested for this exemption through the Department of Construction and Transportation. Requests must demonstrate proof of active storefront presence on the designated plot in order to qualify for tax exemption.
(i) To qualify as an active storefront, a plot must have multiple chest shops that are accessible to the public, and are frequently stocked with goods of value that are sold for profit. Further, the primary function of the plot must be its function as a storefront; i.e., chest shops cannot be added to an office building in order to qualify as a storefront. The Department of Construction and Transportation has discretion over what does and does not qualify for this exemption, and has to enforce the above definition fairly, reasonably, and honestly, without creating absurd outcomes.
(b) If a plot exempted through this method is no longer used as an active storefront, the owner of the plot must inform the Department of Construction and Transportation within 7 days, and the plot shall no longer qualify for exemption. Failure to do so shall be considered Property Tax Evasion, enforced in a summary fashion.
(c) If a plot exempted through this method changes ownership, the previous owner of the plot must inform the Department of Construction and Transportation within 7 days. Failure to do so shall be considered Property Tax Evasion, enforced in a summary fashion. The plot may once again qualify for exemption upon request by the new owner through the method outlined in 13.3.a.
(d) The Department of Construction and Transportation shall be empowered to, and be charged with, conducting regular and unannounced inspections of plots that are listed as active storefronts in order to ensure that they meet the standards of an active storefront as determined by the Department.

Number of PlotsTaxation Rate ($ per day)Amount per week ($)
100
200
300
416112
532.50227.50
654378
780.50563.50
8112784
9148.501039.50
101901330
11236.501655.50
122882016
13344.502411.50
144062842
15472.503307.50
165443808
17620.504343.50
187024914
19788.505519.50
208806160
21976.506835.5
2210787546
231184.508291.50
2412969072
251412.509887.50
26153410738
271660.5011623.50
28179212544
291928.5013499.50
30207014490

14 - Terms of Property Taxation:
(1) Merged plots shall be counted as several plots and will be taxed as such.
(2) Plot taxes apply to all plots, unless otherwise provided by Local Governments where the plot is located.
(a) Only Governments which are recognized by the Commonwealth of Redmont can be considered a Local Government.
(3) Towns may request for the Federal Government to conduct plot taxation, where the Federal Government will then provide the taxed amount to the Town on the first day of every month.
 
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APR 10 2021

This bill has been granted assent and is hereby signed into law.​
 
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16 DEC 2020

House Vote: 4-1-2
Senate Vote: 4-0-0
A
BILL
To

Reason for Bill

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:

1 - Short Title and Enactment
(1) This Act may be cited as the “Tax Evasion Revaluation Act”.
(2) This Act shall be enacted immediately upon its signage.
(3) Authored by Representative hugebob23456

2 - Reasons
(1) As it currently stands tax evasion is practically legal.

3 - Terms
(1) The existing law on Tax Evasion is hereby repealed.
(2) A new law “Tax Evasion” shall be created and defined as: “Any means by which an individual or company manages monetary assets with the intent to avoid taxation.”
(3) No entity shall be charged with “Tax Evasion” unless found guilty of such crime in Court.
(4) No registered company shall be deregistered on the basis of Tax Evasion unless found guilty of such in Court.
(5) The punishment for “Tax Evasion” shall be not less than $100 and not more than $10,000. The Court may also recommend that the DEC deregister companies on the basis of a guilty verdict.
(6) Any lawyer or the Attorney General may sue any individual or company whom they suspect has committed Tax Evasion.
 
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House Vote: 5-0-1
Senate Vote: 3-0-0
A
BILL
To

Formalize Tax Rates​

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:

1 - Short Title and Enactment
(1) This Act may be cited as the “First Wealth Tax Act”.
(2) This Act shall be enacted immediately upon its signage.
(3) Authored by Representative hugebob23456

2 - Reasons
(1) To codify existing tax rates in law.

3 - Terms
(1) Personal balances between $0.00 and $2,499.99 (inclusive) shall be taxed at a rate between 0.00% and 0.10% daily, at the discretion of the DEC.
(2) Personal balances between $2,500.00 and $4,999.99 (inclusive) shall be taxed at a rate between 0.10% and 0.15% daily, at the discretion of the DEC.
(3) Personal balances between $5,000.00 and $9,999.99 (inclusive) shall be taxed at a rate between 0.15% and 0.20% daily, at the discretion of the DEC.
(4) Personal balances between $10,000.00 and $24,999.99 (inclusive) shall be taxed at a rate between 0.20% and 0.40% daily, at the discretion of the DEC.
(5) Personal balances between $25,000.00 and $49,999.99 (inclusive) shall be taxed at a rate between 0.40% and 0.50% daily, at the discretion of the DEC.
(6) Personal balances between $50,000.00 and $99,999.99 (inclusive) shall be taxed at a rate between 0.50% and 0.60% daily, at the discretion of the DEC.
(7) Personal balances of at least $100,000.00 shall be taxed at a rate of 0.60% daily.
(8) The set rate must be consistent for all individuals of the same wealth bracket and may not vary by person.
 
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presidential-seal-png.2452

This amendment has received presidential assent and is hereby signed into law.​
 
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presidential-seal-png.2452

This amendment has received presidential assent and is hereby signed into law.​
 
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House Vote: 7-0-1
Senate Vote: 5-1-0
A
BILL
To

Tax Inactive Players​

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:

1 - Short Title and Enactment
(1) This Act may be cited as the “Pruning Tax Act”.
(2) This Act shall be enacted immediately upon its signage.
(3) Authored by Representative hugebob23456

2 - Reasons
(1) There are millions of dollars floating around inactive balances that go unused. If we were to tax this money, we could dramatically reduce the tax burden on active players and fund bold new programs.

3 - Terms
(1) All players who have been inactive for at least 4 consecutive months will have the entirety of their personal balance transferred to the DCGovernment balance.
 
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This bill has received presidential assent and is hereby signed into law.​
 
A
BILL
To

Amend the Taxation Act

1 - Short Title and Enactment
(1) This Act may be cited as the “August Taxation Amendment Act”.
(2) This Act shall be enacted immediately upon signage if and only if the Corporate Balance Regulation Act is also signed into law.
(3) This Act was initially proposed by Representative xEndeavour but has been significantly modified by Speaker 218218Consumer. Initial proposal may be found here: Vetoed - Taxation Amendment Act
(4) This Act was co-sponsored by Senator tekkovvs.

2 - Reasons
(1) A reduction in balance tax rates would be fair considering the implementation of several other forms of taxation.
(2) Property taxes will eliminate tax evasion loopholes, mitigate plot hoarding, and provide greater revenue for the government.

3 - Tax Cut

The Taxation Act shall be amended as follows:

(1) Personal balances between $0.00 and $2,499.99 (inclusive) shall be taxed at a rate between 0.00% and 0.10% of 0.05% daily, at the discretion of the DEC.
(2) Personal balances between $2,500.00 and $4,999.99 (inclusive) shall be taxed at a rate between 0.10% and 0.15% of 0.10% daily, at the discretion of the DEC.
(3) Personal balances between $5,000.00 and $9,999.99 (inclusive) shall be taxed at a rate between 0.15% and 0.20% of 0.15% daily, at the discretion of the DEC.
(4) Personal balances between $10,000.00 and $24,999.99 (inclusive) shall be taxed at a rate between 0.20% and 0.40% of 0.20% daily, at the discretion of the DEC.
(5) Personal balances between $25,000.00 and $49,999.99 (inclusive) shall be taxed at a rate between 0.40% and 0.50% of 0.30% daily, at the discretion of the DEC.
(6) Personal balances between $50,000.00 and $99,999.99 (inclusive) shall be taxed at a rate between 0.50% and 0.60% of 0.40% daily, at the discretion of the DEC.
(7) Personal balances of at least $100,000.00 shall be taxed at a rate of 0.60% 0.50% daily.

4 - Property Tax

The following shall be added to the Taxation Act:

Property Tax Brackets
(1) Tier 1 commercial plots shall be taxed at a rate of $7 daily.
(2) Tier 2 commercial plots shall be taxed at a rate of $12 daily.
(3) Tier 3 commercial plots shall be taxed at a rate of $30 daily.
(4) Residential plots shall be taxed at a rate of $10 daily.
(5) Industrial plots shall be taxed at a rate of $20 daily.

Terms of Property Taxation:
(1) Merged plots shall be counted as several plots and will be taxed as such.
(2) The executive and its appropriate departments shall be responsible for the designation of commercial plots into tiers. The executive is encouraged yet not required to use the guide below for the designation of tiers.
(3) Plot taxes only apply to the City of Hamilton, unless otherwise provided by Local Governments.
(4) Towns may request for the Federal Government to conduct plot taxation, where the Federal Government will then provide the taxed amount to the Town on the first day of every month.
(5) Assigning a higher bracket punitively or lowering a bracket for personal benefit is considered corruption.

v_60mK-j4dSUdigbsLwhNcks_UxHH-OmWTm9FokEJNffIfNyEPgsTpRQGwKvA8MzZhcJ59ST8UXLmEGrV7BkWVdWJS_FVed-GHDCA1EfjkKjLX9B3Br6E9a53a4d9Ig-CVJ8m-na=s0
 
Nay - I am never a fan of taxes. And I don’t need every aspect of what I have taxed. I would prefer to keep the current tax brackets over implementing new areas to be taxed.
 

Presidential Assent

This bill has been granted Presidential Assent and is hereby signed into law.

 
A
BILL
To

Fix My Bill and Amend the August Taxation Amendment

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:

1 - Short Title and Enactment
(1) This Act may be cited as the “Amendment to the August Taxation Amendment ”.
(2) This Act shall be enacted immediately upon its signage.
(3) This Act was authored by Speaker of the House 218218Consumer.
(4) This Act has been co-sponsored by Representative xlayzur.

2 - Reason
(1) I pasted in the wrong bill format and accidentally put a clause limiting the implementation of the August Taxation Amendment. My mistake should not inhibit our Congress's commitment to socioeconomic equality and plot accessibility on this server, and as a result, it is imperative that we fix it as soon as possible.
(2) This bill was rejected a few days ago, not because a majority disapproved of it, but because it failed to meet caretaker requirements.

3 - Terms
The implementation of the August Taxation Amendment shall no longer be dependent on the passage of the Corporate Balance Regulation Act.
 

Presidential Assent

This bill has been granted Presidential Assent and is hereby signed into law.

 
A
BILL
To

Amend the Taxation Act

1 - Short Title and Enactment
(1) This Act may be cited as the “Fair Taxes Act”.
(2) This Act shall be enacted immediately upon signage.
(3) This Act was authored by Representative xlayzur with approval from President 218218Consumer and DEC Secretary Thritystone.
(4) This Act was co-sponsored by Senator tekkovvs.

2 - Reasons
(1) Property and balance tax rates were recently modified by staff to ensure compatibility between tax codes and plugin limitations. Congress must readjust these rates to preserve progressive taxation, reduce middle-class property taxes, disincentivize plot hoarding by the wealthy, and improve government revenue.

3 - Tax Cut

The Taxation Act shall be amended as follows:

(1) Personal balances between $0.00 and $2,499.99 (inclusive) shall be taxed at a rate of 0% 1% weekly.
(2) Personal balances between $2,500.00 and $4,999.99 (inclusive) shall be taxed at a rate of 1% 1.1% weekly.
(3) Personal balances between $5,000.00 and $9,999.99 (inclusive) shall be taxed at a rate of 1% 1.2% weekly.
(4) Personal balances between $10,000.00 and $24,999.99 (inclusive) shall be taxed at a rate of 1% 1.4% weekly.
(5) Personal balances between $25,000.00 and $49,999.99 (inclusive) shall be taxed at a rate of 1% 1.6% weekly.
(6) Personal balances between $50,000.00 and $99,999.99 (inclusive) shall be taxed at a rate of 1% 1.8% weekly.
(7) Personal balances of at least $100,000.00 shall be taxed at a rate of 1% 2% weekly.

4 - Property Tax

Property ownership of residential, commercial, and industrial plots shall be taxed at the following daily rates:

1 plot: $0 $2
2 plots: $0 $4
3 plots: $3 $6
4 plots: $7 $8
5 plots: $12 $10
6 plots: $18 $12
7 plots: $25 $14
8 plots: $33 $16
9 plots: $42 $18
10 plots: $52 $20
11 plots: $63 $22
12 plots: $75 $24
13 plots: $88 $26
14 plots: $102 $28
15 plots: $117 $30
16 plots: $133 $32
17 plots: $150 $34
18 plots: $168 $36
19 plots: $187 $38
20 plots: $207 $40
21 plots: $228
22 plots: $250
23 plots: $283
24 plots: $307
25 plots: $332
26 plots: $358
27 plots: $385
28 plots: $413
29 plots: $442
30 plots: $472
 
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The reason for me to nay this bill is basically because I think the bracket between $0.00 and $2499.99 shouldn't get taxed. They already have enough struggle with their balance to have to pay taxes. For the rest, I see as a good thing to raise taxes on the riches more than on the poor and working class.
 
House Vote: 8-0-0
Senate Vote: 5-0-0

A
BILL
To

Amend the Taxation Act

1 - Short Title and Enactment
(1) This Act may be cited as the “Fair Taxes Act”.
(2) This Act shall be enacted immediately upon signage.
(3) This Act was authored by Representative xlayzur with approval from President 218218Consumer and DEC Secretary Thritystone.
(4) This Act was co-sponsored by Senator tekkovvs.

2 - Reasons
(1) Property and balance tax rates were recently modified by staff to ensure compatibility between tax codes and plugin limitations. Congress must readjust these rates to preserve progressive taxation, reduce middle-class property taxes, disincentivize plot hoarding by the wealthy, and improve government revenue.

3 - Tax Cut

The Taxation Act shall be amended as follows:

(1) Personal balances between $0.00 and $2,499.99 (inclusive) shall be taxed at a rate of 0% 1% weekly.

to

(1) Personal balances between $0.00 and $2,499.99 (inclusive) shall be taxed at a rate of 0% weekly
 

Presidential Assent

This bill has been granted assent and is hereby signed into law.

 
A
BILL
To

Reduce Tax Evasion​

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:

1 - Short Title and Enactment
(1) This Act may be cited as the “December 2021 Tax Cuts and Loopholes Act”.
(2) This Act shall be enacted on the 1st of January.
(3) Authored by hugebob23456.
(4) Co-Sponsored by Bubba_Tea_.

2 - Reasons
(1) Currently many players stash their wealth away in corporate balances to avoid taxation indefinitely.
(2) With Corporate Taxes, we will be able to decrease the regular Personal Balance Tax across the board, which is a positive for the working class.
(3) Decreasing the tax rate in the 2nd bracket by 36% and the 3rd bracket by 25% will allow our citizens to keep a greater portion of their hard earned money.

3 - Terms
(1) Corporate Balances shall be taxed at a rate of 1% per week.
(2) The DEC may decide to grant or deny exemptions to non-profits and/or financial institutions on a case by case basis.
(3) All Towns are exempt from this tax rate, so long as the Town balance is used strictly for Town related purposes. Misuse of tax exempt Town accounts qualifies as Corruption.
(4) The Taxation Act shall be amended as follows:

(1) Personal balances between $0.00 and $2,499.99 (inclusive) shall be taxed at a rate of 0% weekly.
(2) Personal balances between $2,500.00 and $4,999.99 (inclusive) shall be taxed at a rate of 1.1% 0.7% weekly.
(3) Personal balances between $5,000.00 and $9,999.99 (inclusive) shall be taxed at a rate of 1.2% 0.9% weekly.
(4) Personal balances between $10,000.00 and $24,999.99 (inclusive) shall be taxed at a rate of 1.4% weekly.
(5) Personal balances between $25,000.00 and $49,999.99 (inclusive) shall be taxed at a rate of 1.6% weekly.
(6) Personal balances between $50,000.00 and $99,999.99 (inclusive) shall be taxed at a rate of 1.8% weekly.
(7) Personal balances of at least $100,000.00 shall be taxed at a rate of 2% weekly.
 
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Veto

Auto-vetoed unfortunately as I did not anticipate that the 5-day auto-veto period would occur while I was away on a road trip.

 
Deputy Speaker @Milkcrack has motioned for a veto override of the 'December 2021 Tax Cuts and Loopholes Act.' On the basis that it was accidentally auto-vetoed.

House: 8 - 0 - 0 out of 10
Senate: 5 - 0 - 0 out of 5
 
House Vote: 9-1-1
Senate Vote: 5-0-0



A
BILL
TO

Amend the Taxation Act​

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 “Pruning Taxation Amendment Act”.
(2) This Act shall be enacted immediately after it has been signed into law.
(3) Authored by Rep. Reaperay and Rep. xEndeavour
(4) Co-Sponsored by Rep. xEndeavour

2 - Reasons
(1) Currently prune taxation avoids 4+ months of regular taxation at reimbursement. This bill ensures that Government pruning does not act as a long-term savings account.
(2) A flat rate is easily calculable and a fair rate to encourage returning players to stay.

3 - Additions
(1) Subsection a will be amended to subsection b:
a. (2) The total of personal funds shall be returned to the citizen if they become active once again.
b. (2) The total of personal funds, excluding taxes, shall be returned to the citizen if they become active once again.
(2) Pruning Taxation will incur a 10% tax on any returned funds.




















A​
 
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Presidential Assent

This bill has been granted assent and is hereby signed into law.

ll9OuiN.png

 
House Vote: 10-0-1
Senate Vote: 4-0-3

A
BILL
To

Amend the Taxation Act

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:

1 - Short Title and Enactment
(1) This Act may be cited as the ' XL Taxation Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act was authored by xlayzur, tagline: XL
(4) The Act has been co-sponsored by: Sen. Overlordofpeonys

2 - Reasons
Slight increase in taxes to further support the government's upkeep.

3 - Terms
(1) Personal balances between $0.00 and $2,499.99 (inclusive) shall be taxed at a rate of 0.0% weekly.
(2) Personal balances between $2,500.00 and $4,999.99 (inclusive) shall be taxed at a rate of 1.1% 1.2% weekly.
(3) Personal balances between $5,000.00 and $9,999.99 (inclusive) shall be taxed at a rate of 1.2% 1.3% weekly.
(4) Personal balances between $10,000.00 and $24,999.99 (inclusive) shall be taxed at a rate of 1.4% 1.5% weekly.
(5) Personal balances between $25,000.00 and $49,999.99 (inclusive) shall be taxed at a rate of 1.6% 1.7% weekly.
(6) Personal balances between $50,000.00 and $99,999.99 (inclusive) shall be taxed at a rate of 1.8% 1.9% weekly.
(7) Personal balances of at least $100,000.00 shall be taxed at a rate of 2% 2.1% weekly.
 
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Presidential Assent

This bill has been granted assent and is hereby signed into law.

 
A
BILL
To

Amend the Taxation Act

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:

1 - Short Title and Enactment
(1) This Act may be cited as the 'Reveille Taxation Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by: Speaker xEndeavour
(4) This Act has been co-sponsored by: Sen. Derpy_Bird

2 - Reasons
(1) The wording of the Act under a literal interpretation would imply that taxation collected on Reveille plots is and has been illegal.

3 - Amendments
(1) Plot taxes only apply to the City of Reveille, unless otherwise provided by Local Governments

4 - Terms
(1) The taxation collected in the City of Reveille prior to this amendment, under the Taxation Act, will be lawful under the provision of this Act.
(2) Taxes continue to apply in the City of Hamilton until it is decommissioned.
 
I wish the change my vote from an aye to a nay.
Reasons: I believe this bill goes against ex post facto. I won't support bills that do that.
 
Dusty_3 said:
I wish the change my vote from an aye to a nay.
Reasons: I believe this bill goes against ex post facto. I won't support bills that do that.
Click to expand...
The ex post facto deals with criminal offence charges.

This bill is to correct what is an administrative error in law. It is a pragmatic and reasonable resolution to a complex problem. What's the government going to do? Refund 4 months of tax which isn't tracked and logged?

The mischief this is correcting is a change in the City's name. The intent of the law is to charge tax on city properties.
 
xEndeavour said:
The ex post facto deals with criminal offence charges.

This bill is to correct what is an administrative error in law. It is a pragmatic and reasonable resolution to a complex problem. What's the government going to do? Refund 4 months of tax which isn't tracked and logged?

The mischief this is correcting is a change in the City's name. The intent of the law is to charge tax on city properties.
Click to expand...
If we want to debate this bill more, you are free to re propose it and we can have a proper discussion. But another point to make is that this acts as a pardon on the Government for a mistake we made, and only the president can pardon. While its not ideal, what precedent are we setting if we make a mistake as congress by not changing the city title, and just cover it up with another bill 4 months later.
 
Dusty_3 said:
If we want to debate this bill more, you are free to re propose it and we can have a proper discussion. But another point to make is that this acts as a pardon on the Government for a mistake we made, and only the president can pardon. While its not ideal, what precedent are we setting if we make a mistake as congress by not changing the city title, and just cover it up with another bill 4 months later.
Click to expand...
This was pushed on the government by staff. The government was slow, but the intent hasn't changed - the city is taxable.

This is not a coverup, its a pragmatic solution. If this bill does not pass then we will continue to have this issue. The government cannot a. afford to pay everyone back and b. it has no logs.
 

Presidential Assent

This bill has been granted assent and is hereby signed into law.

 
House Vote: 6-1-1
Senate Vote: 4-0-2


A
BILL
To​

Amend the Taxation Act to include wild regions in the property 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 ‘Wild Region Tax Act'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by: Rep. RandomIntruder
(4) This Act has been co-sponsored by: Dep. Sec. HiPerb

2 - Reasons
(1) The plugin right now does not easily allow region taxes to exclude wild regions.
(2) It is impossible to adjust the system to exclude them.
(3) Taxes are currently including the wild regions right now, so you won’t see your taxes change, this will just make it so that the government doesn’t get in trouble for something that is plugin based.
(4) Also removes a redundant part of the act.

3 - Amending the Taxation Act
(1) Section 8 of the Taxation Act shall now read:

8 - Terms of Property Taxation:
(1) Merged plots shall be counted as several plots and will be taxed as such.
(2) Plot taxes only apply to the City of Reveille and the wild, unless otherwise provided by Local Governments.
(3) Towns may request for the Federal Government to conduct plot taxation, where the Federal Government will then provide the taxed amount to the Town on the first day of every month.

(2) Section 4 of the Taxation Act shall be removed since it is redundant with the White Collar Crackdown Act.
 
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Presidential Assent

This bill has been granted assent and is hereby signed into law.

 
A
BILL
To

Amend the Taxation Act

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:

1 - Short Title and Enactment
(1) This Act may be cited as the “Fair Property Tax Relief Act”.
(2) This Act shall be enacted immediately upon its signage.
(3) Authored by the Speaker of House. xLayzur
(4) This Act is sponsored by: Rep. Vernicia

2 - Reasons
(1) Currently Wild regions are taken into account for property taxation, expanding exempt property tax to 3 plots will give breathing room for those with only a few regions.

3 - Terms
(1) 15% tax deduction from previous rates.
(2) Property Tax starts at 4 plots instead of 3.
Number of PlotsTaxation Rate ($ per day)Amount per week ($)
100
200
3321
4749
51284
618126
725175
833231
942294
1052364
1163441
1275525
1388616
14102714
15117819
16133931
171501050
181681176
191871309
202071449
212281596
222501750
232831981
243072149
253322324
263582506
273852695
284132891
294423094
304723304

TO

Number of PlotsTaxation Rate ($ per day)Amount per week ($)
100
200
300
45.9541.65
510.2071.40
615.30107.10
721.25148.75
828.05196.35
935.70249.90
1044.20309.40
1153.55374.85
1263.75446.25
1374.80523.60
1486.70606.90
1599.45696.15
16113.05791.35
17127.50892.50
18142.80999.60
19158.951112.65
20175.951231.65
21193.801356.60
22212.501487.50
23248.551739.85
24261.451830.15
25282.201975.40
26304.302130.10
27327.752294.25
28352.552467.85
29378.202650.90
30
406.20​
2843.40
 
Last edited:

Presidential Assent

This bill has been granted assent and is hereby signed into law.

 
A
BILL
To

Amend the Taxation Act

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 'Taxation Adjustment Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by: Sen. xLayzur
(4) This Act has been co-sponsored by: Sen. xLayzur

2 - Reasons
(1) These revised tax rates ensure that everyone pays their fair share to support public services and initiatives.
(2) Small-scale property owners and individuals with modest balances will have a lighter tax burden, fostering a dynamic environment that accommodates various economic activities.
(3) Chestshop Tax revenue to the DCGovernment account provides essential resources to governance.
(4) Lowering the region buy back percentage allows for the Real Estate industry to thrive.

3 - Implementation of Sales Tax
(1) Chestshop Tax Percentage: 2%
(2) All Chestshop Tax revenue will be directed to the DCGovernment account.

Example: Player A sells 1 diamond for $100, Player B buys 1 Diamond for $100, Player A receives $98 and the $2 is given to the DCGovernment.

4 - Property Buy Back
(1) All Region Buy Back percentages are to be set to 50%

5 - Personal and Corporate balance Taxation Brackets
(1) Corporate & Personal balances between $0.00 and $2,499.99 (inclusive) shall be taxed at a rate of 0.0% weekly.
(2) Corporate & Personal balances between $2,500.00 and $4,999.99 (inclusive) shall be taxed at a rate of 1.2% 1.3% weekly.
(3) Corporate & Personal balances between $5,000.00 and $9,999.99 (inclusive) shall be taxed at a rate of 1.3% 1.4% weekly.
(4) Corporate & Personal balances between $10,000.00 and $24,999.99 (inclusive) shall be taxed at a rate of 1.5% 1.6% weekly.
(5) Corporate & Personal balances between $25,000.00 and $49,999.99 (inclusive) shall be taxed at a rate of 1.7% 1.8% weekly.
(6) Corporate & Personal balances between $50,000.00 and $99,999.99 (inclusive) shall be taxed at a rate of 1.9% 2.0% weekly.
(7) Corporate & Personal balances of at least $100,000.00 shall be taxed at a rate of 2.1% 2.4% weekly.

6 - Property Tax
Number of PlotsTaxation Rate ($ per day)Amount per week ($)
100
200
300
45.9541.65
510.2071.40
615.30107.10
721.25148.75
828.05196.35
935.70249.90
1044.20309.40
1153.55374.85
1263.75446.25
1374.80523.60
1486.70606.90
1599.45696.15
16113.05791.35
17127.50892.50
18142.80999.60
19158.951112.65
20175.951231.65
21193.801356.60
22212.501487.50
23248.551739.85
24261.451830.15
25282.201975.40
26304.302130.10
27327.752294.25
28352.552467.85
29378.202650.90
30406.202843.40

To:

Number of PlotsTaxation Rate ($ per day)Amount per week ($)
100
200
300
43.9827.86
56.7547.25
610.1370.91
713.6895.76
818.03126.21
923.03161.21
1028.15197.05
1134.41240.87
1240.31282.17
1347.10329.70
1453.93377.51
1561.09427.63
1668.25477.75
1777.09539.63
1885.35597.45
1994.31659.17
20103.35723.45
21113.28792.96
22124.69872.83
23145.911021.37
24153.111071.77
25176.651236.55
26190.721335.04
27245.061715.42
28264.411850.87
29283.6521985.55
30304.652132.55
 
Nay - Taxation is already high enough for the government's needs. Chestshop sales also disproportionately impacts chestshop businesses more than other businesses.
 

Presidential Assent

This bill has been granted assent and is hereby signed into law.

 
House: 9-0-0
Senate: 5-0-0

A
BILL
To

Amend the Taxation Act​

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 'A Little Off The Top Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by: President of the Senate Milkcrack
(4) This Act has been co-sponsored by President of the Senate Milkcrack

2 - Reasons
(1) Hardworking law-abiding citizens are being unfairly required to pay more than they can afford in taxes.
(2) This bill will lower taxes by about 20% across the board to reduce the tax burden for all people.
(3) This bill will make balances below $10,000.00 tax-exempt because the Government doesn't need their money.
(4) This bill will make chestshop tax percentage 0%.

3 - Personal and Corporate balance Taxation Brackets
(1) Corporate & Personal balances between $0.00 and $2,499.99 $9,999.99 (inclusive) shall be taxed at a rate of 0.0% weekly.
(2) Corporate & Personal balances between $2,500.00 and $4,999.99 (inclusive) shall be taxed at a rate of 1.3% weekly.
(3) Corporate & Personal balances between $5,000.00 and $9,999.99 (inclusive) shall be taxed at a rate of 1.4% weekly.
(4) Corporate & Personal balances between $10,000.00 and $24,999.99 (inclusive) shall be taxed at a rate of 1.6% 1.3% weekly.
(5) Corporate & Personal balances between $25,000.00 and $49,999.99 (inclusive) shall be taxed at a rate of 1.8% 1.5% weekly.
(6) Corporate & Personal balances between $50,000.00 and $99,999.99 (inclusive) shall be taxed at a rate of 2.0% 1.6% weekly.
(7) Corporate & Personal balances of at least $100,000.00 shall be taxed at a rate of 2.4% 2% weekly.

4 - Chestshop Sales Tax
(1) Chestshop Tax percentage: 2% 0%
 
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Presidential Assent

This bill has been granted assent and is hereby signed into law.

 
House: 6-0-1
Senate: 5-0-1

A
BILL
To

Amend the Taxation Act​

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 'Make Commercial Tax less Convoluted Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by xEndeavour.
(4) This Act has been co-sponsored by Krix and Snowy_heart.

2 - Reasons
(1) The FITA Act is convoluted and duplicated in several other laws.
(2) It is unnecessarily long and specific.
(3) It should be in the Taxation Act.
(4) Financial oversight is lacking, as demonstrated by historical events.
(5) There needs to be serious consequences for banks failing to report to the Department of Commerce

3 - Consolidation
(1) The following act is repealed:
(a) Act of Congress - Financial Institutions Tax Act (Revised)

4 - Taxation Brackets
(1) The following changes:

(1) 4 - Personal and Corporate balance Taxation Brackets
Bracket amounts are inclusive and shall be taxed at the following rates weekly:
1. Corporate & Personal balances between $0.00 and $9,999.99 (inclusive) shall be taxed at a rate of 0% weekly.
2. Corporate & Personal balances between $10,000.00 and $24,999.99 (inclusive) shall be taxed at a rate of 1.3% weekly.
3. Corporate & Personal balances between $25,000.00 and $49,999.99 (inclusive) shall be taxed at a rate of 1.5% weekly.
4. Corporate & Personal balances between $50,000.00 and $99,999.99 (inclusive) shall be taxed at a rate of 1.6% weekly.
5. Corporate & Personal balances of at least $100,000.00 shall be taxed at a rate of 2% weekly.

4 - Taxation Brackets
(1) Taxation brackets apply to Corporate and Personal Balance Taxes.
(2) The following brackets amounts are inclusive and shall be taxed at the following rates weekly:
Taxation BracketTaxation Rate (%)
$0.00 to $9,999.990
$10,000.00 to $24,999.991.3
$25,000.00 to $49,999.991.5
$50,000.00 to $99,999.991.6
$100,000.00+2

5 - Financial Institutions Tax
(1) Deposit-taking financial institutions will be taxed on their monthly reported profit.
(a) This tax will be fined by the Department of Commerce.
(b) Taxation is due by the end of the second week of the following month.
(2) Financial Institution Taxation Rates:

Taxation TypeTaxation Rate
Financial Institution Tax10%
Financial Institution Depositor Insurance Tax10%
Total20% of Profits

6 - Financial Institution Taxation Exemptions
(1) Deposit-taking financial institutions will be exempt from all balance taxes, as defined in the Banking Act (or succeeding acts).
(a) Exemption takes effect from the point of request for exemption to the Department of Commerce.
(b) Exemption may be repealed by the Commerce Secretary or delegate if the institution does not meet the requirements of this Act.

7 - Financial Records and Reporting
(1) Deposit-taking financial institutions must keep detailed accounts of their investment revenue and obligations to their depositors.
(a) Should deposit-taking financial institutions misrepresent their profits to the Department of Commerce, the entity will be liable for prosecution.
(b) Profits shall be calculated as the earnings the financial institution keeps after all operating costs are paid. Profit shall be calculated from the date of the last report or, in the first report, the first day of trading.
(2) Deposit-taking financial institutions are required to report to the Department of Commerce by the end of the first week of the succeeding month:

FINANCIAL REPORT​
(a) Profits.​
(b) Total assets and liabilities as of the last day of the preceding month.​
(c) Any significant changes in the financial condition or operations of the institution.​
(d) A summary of the institution's investment portfolio, including details on securities, loans, and other financial instruments held.​
(e) Information on any regulatory actions, legal proceedings, or other material events that may impact the institution's financial stability.​
(f) Compliance status with relevant financial regulations and guidelines.​

(3) Failure to comply with reporting requirements will result in the financial institution surrendering its taxation exemption status until a report is submitted.

8 - Powers of the Department of Commerce
(1) Historical events have proven that strong regulatory powers are necessary for the adequate protection of the depositors of deposit-taking institutions.
(2) These powers are vested in the Department of Commerce to uphold the integrity of financial institution taxation, ensure compliance with regulations, and protect the interests of depositors and the broader financial system.
(3) The Department of Commerce will have the following non-exhaustive powers in relation to regulating financial institution tax obligations:

(a) Audit and Inspection Authority. The Department shall have the authority to conduct regular audits and inspections of the financial records of deposit-taking financial institutions. This includes verifying the accuracy of reported profits and confirming legal compliance.
(b) Exemption Verification. The Department may verify the eligibility of deposit-taking financial institutions for taxation exemptions as outlined in Section 5. This includes assessing whether institutions meet the necessary requirements and, if necessary, revoking exemptions for non-compliance.
(c) Enforcement of Taxation. The Department is empowered to enforce the taxation provisions outlined in Section 7. This involves assessing, collecting, and overseeing the proper payment of monthly taxes by deposit-taking financial institutions.
(d) Investigation of Misrepresentation. In cases where misrepresentation of profits is suspected, the Department has the authority to conduct thorough investigations into the financial records of deposit-taking financial institutions. If intentional misrepresentation is confirmed, the Department may take legal action, including prosecution.

(3) The Department of Commerce will have the following non-exhaustive general powers in relation to regulating financial institutions:

(a) Registration: The Department of Commerce will have the power to assess an institution's eligibility, financial viability, and compliance with regulatory requirements prior to registration as a financial institution.
(b) Deregistration: The Department of Commerce will have the power to deregister financial institutions. This authority is granted to address instances of persistent non-compliance with regulations and or laws. Investigatory and legal due diligence, the best interests of the depositors, and restraint must be considered and applied in exercising deregistration.
(c) Commandeer: In extraordinary situations, the Department of Commerce has the power to commandeer and take temporary control of a financial institution. This authority is reserved for exceptional circumstances, such as insolvency, near insolvency, financial crises, or situations where the institution's continued operation poses a systemic risk to the financial system or depositors.
(d) Seizure and Sale. The Department of Commerce may consider commercial remedies such as selling a collapsed bank (or parts of a collapsed bank) to other interested financial institutions/parties. This may only take place when it is in the best interests of the depositors. Additionally, the Department may seize the assets of Directors/Owners of the Financial Institutions (with the least required disturbance to their estate) to recover debts.

9 - Deposit Guarantee
(1) The Federal Government will guarantee deposits of up to $50,000 per person, per authorised financial institution.
(2) All registered Financial Institutions are automatically covered under the terms of this deposit guarantee as authorised institutions.
(a) Institutions not compliant with this Act will be deregistered as a financial institution.
(b) Deposits will be covered by the Deposit guarantee for 30 days post-deregistration.
(c) The DOC is able to seize Financial Institution and Director/Owner assets to recover the costs to depositors. This process must be done with the least practicable disruption to the estate targeted.
(3) The Deposit Guarantee is Financial Institution Depositor Insurance (FIDI) and is compulsory for the stability of the financial system.
(4) The contributions of Financial Institutions serve to offset past and future payouts, but does not imply the existence of an exhaustive fund.
(5) Once s9(2)(c) has been exhausted, the DOC is pre-authorised to use unappropriated Government funds to satisfy the payment of the Deposit Guarantee to impacted depositors.

10 - Financial Institution Rights
(1) Information shared with regulatory bodies must satisfy a 'need-to-know' principle. For example:
(a) The Department of Commerce does not always need to know the identity of account holders.
(b) The Department of Commerce needs to have a reasonable justification for accessing the data it is requesting (this justification does not have to be shared with the Financial Institution).
(2) The Department of Commerce can only compel a Financial Institution to produce information in the course of its official duties.
(3) The Department of Commerce must treat the data of Financial Institutions as commercial-in-confidence.
 
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Presidential Assent

This bill has received assent and is hereby signed into law.

 
House Vote: 8-1-0
Senate Vote: 5-0-0
A
BILL
To

Amend the Taxation Act​

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 'Tax Reform Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by xEndeavour.
(4) This Act has been co-sponsored by ANDREASP15

2 - Reasons
(1) Government has bucketloads of money.
(2) Encourage player-to-player trade.

3 - Amendments

Taxation BracketTaxation Rate (%)
$0.00 to $9,999.990
$10,000.00 to $24,999.991.3
$25,000.00 to $49,999.991.5
$50,000.00 to $99,999.991.6
$100,000.00+2

Taxation BracketTaxation Rate (%)
$0.00 to $9,999.990
$10,000.00 to $24,999.991
$25,000.00 to $49,999.991.2
$50,000.00 to $99,999.991.4
$100,000.00+1.8
 
Last edited by a moderator:
House Vote: 10-0-0
Senate Vote: 5-0-0
A
BILL
TO

Amend the Taxation Act and Collect Property Taxes in New Territories​

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 'New Hamilton Tax Act.'
(2) This Act shall be enacted immediately after it has been signed into law and the passage of Bill: Draft - National Borders Act.
(3) This Act has been authored by Sen. Dartanman
(4) This Act is co-sponsored by Sen. Dartanman

2 - Reasons
(1) New Hamilton plots need to be taxed, just like Reveille plots.
(2) If Redmont expands again, we shouldn’t need to keep writing amendments, so local governments should be able to opt-out instead of opt-in to property taxes.

3 - Taxation Act Amendments

Change

14 - Terms of Property Taxation:
(1) Merged plots shall be counted as several plots and will be taxed as such.
(2) Plot taxes only apply to the City of Reveille, unless otherwise provided by Local Governments.
(3) Towns may request for the Federal Government to conduct plot taxation, where the Federal Government will then provide the taxed amount to the Town on the first day of every month.

To

14 - Terms of Property Taxation:
(1) Merged plots shall be counted as several plots and will be taxed as such.
(2) Plot taxes apply to all plots, unless otherwise provided by Local Governments where the plot is located.
(a) Only Governments which are recognized by the Commonwealth of Redmont can be considered a Local Government.
(3) Towns may request for the Federal Government to conduct plot taxation, where the Federal Government will then provide the taxed amount to the Town on the first day of every month.
 
Last edited by a moderator:

Presidential Assent

This bill has been granted assent and is hereby signed into law.

 

Presidential Assent

This bill has been granted assent and is hereby signed into law.

 
House: 6-0-0
Senate: 4-0-1

A
BILL
To
Amend the Taxation Act​

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 'Property Tax Changes Act'.
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by Representative lcn.
(4) This Act has been co-sponsored by Deputy Speaker zLost.

2 - Reasons
(1) To combat the growing wealth inequality.
(2) To change taxes to be calculated using an equation, rather than random.

3 - Amendment
(1) The Taxation Act Shall be amended as follows:

13- Property Tax
(1) Property taxes shall be calculated usingy=0.25*1.16ˣ+0.3x²+2.5x-25, where x is the amount of plots a player owns, and y is the amount taxed per day. Taxes will be rounded down to the nearest cent.
(2) Players shall not be taxed for property tax if they own 7 or fewer plots.
Number of PlotsTaxation Rate ($ per day)Taxation Rate ($ per week)
100
200
300
400
500
600
700
815.01105.07
922.75159.25
1031.10217.70
1140.07280.49
1249.68347.76
1359.92419.44
1470.79495.53
1582.31576.17
1694.48661.36
17107.31751.17
18120.81845.67
19134.99944.93
20149.861049.02
21165.441158.08
22181.741272.18
23198.791391.53
24216.601516.20
25235.211646.47
26254.651782.55
27274.951924.65
28296.152073.05
29318.302228.10
30341.462390.22
31365.692559.83
32391.072737.49
33417.702923.90
34445.663119.62
35475.073325.49
36506.093542.63
37538.853771.95
38573.564014.92
39610.424272.94
40649.684547.76
41691.624841.34
42736.605156.20
43784.985494.86
44837.235860.61
45893.866257.02
46955.476688.29
471022.787159.46
481096.607676.20
491177.868245.02
501267.678873.69
511367.309571.10
521478.2210347.54
531602.1411214.98
541741.0612187.42
551897.2613280.82
562073.4214513.94
572272.6415908.48
582498.5117489.57
592755.2019286.40
603047.5521332.85
613381.1523668.05
623762.5326337.71
634199.2229394.54
644699.9932899.93
655274.9836924.86
665935.9841551.86
676696.6546876.55
687572.8453009.88
698582.9460080.58
709748.2968238.03
7111093.6177655.27
7212647.6288533.34
7314443.61101105.27
7416520.20115641.40
7518922.18132455.26

Number of PlotsTaxation Rate ($ per day)Amount per week ($)
100
200
300
43.9827.86
56.7547.25
610.1370.91
713.6895.76
818.03126.21
923.03161.21
1028.15197.05
1134.41240.87
1240.31282.17
1347.1329.7
1453.93377.51
1561.09427.63
1668.25477.75
1777.09539.63
1885.35597.45
1994.31659.17
20103.35723.45
21113.28792.96
22124.69872.83
23145.911021.37
24153.111071.77
25176.651236.55
26190.721335.04
27245.061715.42
28264.411850.87
29283.6521985.55
30304.652132.55
31418.392928.7
32430.943016.56
33443.873107.06
34457.183200.27
35470.93296.28
36485.023395.17
37499.573497.02
38514.563601.93
395303709.99
40545.93821.29
41578.654050.57
42613.374293.6
43650.174551.22
44689.184824.29
45730.545113.75
46774.375420.58
47820.835745.81
48870.086090.56
49922.286455.99
50977.626843.35
511065.617459.25
521161.518130.59
531266.058862.34
541379.999659.95
551504.1910529.34
561639.5711476.99
571787.1312509.91
581947.9713635.81
592123.2914863.03
602314.3916200.7
612592.1118144.79
622903.1720322.16
633251.5522760.82
643641.7325492.12
654078.7428551.17
664568.1931977.31
675116.3735814.59
685730.3340112.34
696417.9744925.82
707188.1350316.92
718625.7660380.31
7210350.9172456.37
7312421.0986947.64
7414905.31104337.17
7517886.37125204.6
 
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House: 9-0-0
Senate: 4-0-0

A
BILL
To
Amend the Taxation Act​

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 Changes Act'.
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by Representative lcn.
(4) This Act has been co-sponsored by Deputy Speaker zLost.

2 - Reasons
(1) To combat the growing wealth inequality.
(2) The government has bucketloads of money.

3 - Amendment
(1) The Taxation Act Shall be amended as follows:

4 - Taxation Brackets
(1) Taxation brackets apply to Corporate and Personal Balance Taxes.
(2) The following brackets amounts are inclusive and shall be taxed at the following rates weekly:

Taxation BracketTaxation Rate (%)
$0.00 to $19,999.990
$20,000.00 to $49,999.991
$50,000.00 to $99,999.991.2
$100,000.00 to $199,999.991.4
$200,000.00+1.8

Taxation BracketTaxation Rate (%)
$0.00 to $9,999.990
$10,000.00 to $24,999.991
$25,000.00 to $49,999.991.2
$50,000.00 to $99,999.991.4
$100,000.00+1.8
 
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Aye, the Commonwealth treasury continues to needlessly grow. We are beyond the point of “saving for a rainy day.” Time to return some money to the people.
 
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