Act for the Establishment of a Flat Income Tax

THenderson · Earl Joined: 24 May 2011 Posts: 32

Noting the horrible conditions placed on investors and private citizens by the progressive tax system

Further noting the need for a new tax regime

Be it resolved that:

The Act for the Establishment of a Progressive Tax and all of its articles shall be repealed.
A new tax of 2.5% shall be placed on all salaries; wages; investment incomes; dividend incomes; interest on savings accounts, bonds, or certificates of deposit; and cash payments for services rendered
All citizens and legal workers shall have this tax collected over the course of a 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.
Donations made to government approved charities and non-profit organisations by individuals may be deducted from the total amount of taxes owed at the end of the year.
1. One pound of charitable donations shall be equal to one pound of taxes due being removed from the total amount of taxes owed by that individual for the year the donation was made.
2. A receipt from the charity or organsation that received the donation must be provided for the deduction to be valid.
3. No citizen may write off more than 75% of their total owed taxes through charitable donations
The Sovereign and their direct family (spouse and children) shall be exempted from this tax for their constant service to Kirkland.

_________________
The Right Honorable Thomas Henderson, Earl Fenton, Knight of the Golden Eagle, 2nd Speaker of the Parliament, Chancellor of Alovia

THenderson · Earl Joined: 24 May 2011 Posts: 32

All the votes being in and more votes yes than no, the measure passes. The Act for the Establishment of a Flat Income Tax is adopted.

Final vote: 3 yes, 2 no, 0 abstain

_________________
The Right Honorable Thomas Henderson, Earl Fenton, Knight of the Golden Eagle, 2nd Speaker of the Parliament, Chancellor of Alovia

King Brayden I · His Majesty, The Emperor Joined: 17 Feb 2011 Posts: 276

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

_________________
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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