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Act for the Establishment of a Progressive Tax

 
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Vote on the Bill
Yes
100%
 100%  [ 4 ]
No
0%
 0%  [ 0 ]
Abstain
0%
 0%  [ 0 ]
Total Votes : 4

Author Message
SLandes
Grand Duke
Grand Duke


Joined: 08 Mar 2011
Posts: 85

PostPosted: Wed Jun 01, 2011 3:26 am    Post subject: Act for the Establishment of a Progressive Tax Reply with quote

Noting there is no personal income tax of any kind

Further noting the government's need for financing of activities

Be it resolved that a progressive tax shall be implemented.

  1. The tax shall be divided into brackets based on income. An individual shall pay the percentage tax that is applied to the specific bracket they fall into.
  2. An individuals income shall be determined based on the totals of all the following categories added up over the course of a year: salaries; wages; investment incomes; dividend incomes; interest on savings accounts, bonds, or certificates of deposit; and cash payments for services rendered.
  3. The following shall be the brackets and associated tax percentages upon the enactment of this legislation:

    • ₤5,000-₤10,000: 2%
    • ₤10,001-₤20,000: 5%
    • ₤20,000-₤30,000: 7%
    • ₤30,001-₤40,000: 10%
    • ₤40,001-₤50,000: 15%
    • ₤50,001-₤60,000: 18%
    • ₤60,001-₤70,000: 21%
    • ₤70,001-₤80,000: 25%
    • ₤80,001-₤90,000: 28%
    • ₤90,001-₤100,000: 31%
    • ₤100,001-₤120,000: 35%
    • ₤120,001-₤150,000: 40%
    • ₤150,001-₤180,000: 45%
    • ₤180,001-₤200,000: 55%
    • ₤200,001-₤275,000: 60%
    • ₤275,001-₤350,000: 65%
    • ₤350,000-₤450,000: 70%
    • ₤450,001-₤550,000: 75%
    • ₤550,001-₤675,000: 80%
    • ₤675,001-₤800,000: 85%
    • ₤800,001-₤900,000: 90%
    • More than ₤900,001: 95%

  4. The taxes made by this bill would be collected for an entire year starting on January 1st and ending on December 31st. Citizens and legal workers will be given until April 7th to send their taxes to the government for collection. Any citizen or legal worker who fails to pay their taxes will have a garnishment taken from their earnings until the amount owed from the previous year has been repaid.
  5. The Sovereign and their direct family (spouse and children) shall be exempted from this tax for their constant service to Kirkland.



_________________
His Grace, Stephen Landes, Grand Duke of Balromia, Archbishop of Drakon, Knight of the Golden Eagle, Knight of the White Stag, Knight of Merit, 1st Prime Minister
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Dakoda George
Grand Duke
Grand Duke


Joined: 07 Mar 2011
Posts: 47

PostPosted: Wed Jun 01, 2011 3:45 am    Post subject: Reply with quote

Your Grace,

In the bill you stated that the Royal Family are excempt from taxes, but what about the MP's they are always working to make Kirkland better just as the royal family is. So in conclusion should the MP's be also exempt?

I yield the floor



_________________
His Grace, Dakoda George, Grand Duke of Arlington, The Baron George, Chancellor of the Exchequer, Governor of the Royal Bank of Kirkland, Governor of the First Bank of Kirkland, Chairman of George Industries, Member of Parliament, Head of the House of George
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SLandes
Grand Duke
Grand Duke


Joined: 08 Mar 2011
Posts: 85

PostPosted: Wed Jun 01, 2011 4:34 am    Post subject: Reply with quote

Mr. Speaker,

In response to the question posed by His Grace, the Grand Duke of Arlington the simple answer is no. The Sovereign is appointed by God to their position and must give their life to the service of Kirkland. As Members of Parliament we can retire at any time to a more quiet life out of the public eye. For this reason I do not think it fair or right for Members of Parliament to be exempted from the tax on the same grounds as the Sovereign. I hope this answers His Grace's question and I yield the floor.



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His Grace, Stephen Landes, Grand Duke of Balromia, Archbishop of Drakon, Knight of the Golden Eagle, Knight of the White Stag, Knight of Merit, 1st Prime Minister
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SLandes
Grand Duke
Grand Duke


Joined: 08 Mar 2011
Posts: 85

PostPosted: Wed Jun 01, 2011 9:10 pm    Post subject: Reply with quote

Over half the votes being in and more in the affirmative than in the negative, the motion carries. The Act for the Establishment of a Progressive Tax is adopted

Final Vote: 4 Yes, 0 No, 1 Abstain



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His Grace, Stephen Landes, Grand Duke of Balromia, Archbishop of Drakon, Knight of the Golden Eagle, Knight of the White Stag, Knight of Merit, 1st Prime Minister
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King Brayden I
His Majesty, The Emperor
His Majesty, The Emperor


Joined: 17 Feb 2011
Posts: 276

PostPosted: Mon Jun 06, 2011 5:14 pm    Post subject: Reply with quote

By the power vested in me by God and the Constitution of Kirkland, I sign this bill into law.



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His Imperial and Most Serene Majesty Brayden I, by the Grace of God, Defender of the Faith, Emperor of Kirkland, King of Kirkland, Grand Duke of Alovia, Duke of Valoria and Symphona, Marquess and Head of the Most Noble and Ancient House of Drown, Earl of Drakon, Sovereign of the Most Noble Order of the Golden Eagle, Sovereign of the Noble Order of the Blue Garter, Sovereign of the Most Honorable Order of the White Stag, Sovereign of the Most Venerable Order of Saint Michael, Sovereign of the Most Excellent Order of the Silver Horn, Sovereign of the Distinguished Order of Merit, Knight of the Golden Eagle, Knight of Saint Thomas
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