Bill: Draft Taxation Adjustments and Increases Amendment Act

[Darklander]

CONGRESS OF THE
COMMONWEALTH OF REDMONT
​

---

A BILL TO

INCREASE GOVERNMENT REVENUE THROUGH FAIR AND PROGRESSIVE TAXATION




​

---

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:


​

PART I — PRELIMINARIES

1. Short Title and Enactment

(1) This Act may be cited as the ‘Taxation Adjustments and Increases Amendment Act’

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

(3) This Act has been authored by Speaker TrueDarklander with contributions from Representative xEndeavor's Financially Responsible Act and President Technofied's Property Tax Formula.

(4) This Act has been co-sponsored by [Co-Sponsor Name].

(5) This Act amends the following acts:

(a) Taxation Act


2. Reasons and Intent

(1) Increasing Tax Revenue with a more aggressive tax formula.

(2) Keeping Taxation fair and progressive.



PART II — AMENDMENTS

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
$100,000.00 to $199,999.99	1
$200,000.00 to $299,999.99	1.2
$300,000.00 - $499,999.99	1.4
$500,000.00+	1.8

Taxation Bracket	Taxation Rate (%)
$0.00 to $24,999.99	0
$25,000 to $49,999.99	0.75
$50,000 to $99,999.99	1.5
$100,000.00 to $199,999.99	2
$200,000.00 to $299,999.99	3
$300,000.00 - $499,999.99	4
$500,000.00+	5

(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 13 of the Taxation Act is to be amended as follows:

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
2.7(x - 2) + 2.87(x - 2)^2 + 0.0462(x - 2)^3
(2) Players shall not be taxed for property tax if they own 32 or fewer plots.

Spoiler: Property Tax

Number of Plots	Taxation Rate ($ per day)	Amount per week ($)
0	0	0
1	0.00	0.00
2	0.00	0.00
3	5.60	39.20
4	17.08	119.56
5	34.61	242.27
6	58.32	408.24
7	88.38	618.66
8	124.92	874.44
9	168.10	1176.70
10	218.08	1526.56
11	275.00	1925.00
12	339.00	2373.00
13	410.25	2871.75
14	488.88	3422.16
15	575.05	4025.35
16	668.92	4682.44
17	770.62	5394.34
18	880.32	6162.24
19	998.16	6987.12
20	1124.28	7869.96
21	1258.84	8811.88
22	1402.00	9814.00
23	1553.90	10877.30
24	1714.68	12002.76
25	1884.50	13191.50
26	2063.52	14444.64
27	2251.88	15763.16
28	2449.72	17148.04
29	2657.20	18600.40
30	2874.48	20121.36
Continues...

Number of Plots	Taxation Rate ($ per day)	Amount per week ($)
1	0	0
2	0	0
3	0	0
4	16	112
5	32.50	227.50
6	54	378
7	80.50	563.50
8	112	784
9	148.50	1039.50
10	190	1330
11	236.50	1655.50
12	288	2016
13	344.50	2411.50
14	406	2842
15	472.50	3307.50
16	544	3808
17	620.50	4343.50
18	702	4914
19	788.50	5519.50
20	880	6160
21	976.50	6835.5
22	1078	7546
23	1184.50	8291.50
24	1296	9072
25	1412.50	9887.50
26	1534	10738
27	1660.50	11623.50
28	1792	12544
29	1928.50	13499.50
30	2070	14490