Bill: Rejected Economy Save Act

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  • Total voters
    10
  • Poll closed .

partypig678

Citizen
Supporter
Joined
Aug 20, 2020
Messages
155
A
BILL
TO


Save the economy

The people 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 “Economy Save Act"
(2) This Act shall be enacted immediately upon its signage,

2 - Reason
(1) UBI will destroy the economy.
(2) Making taxes higher will hurt the economy and it is silly.

3 - Terms
(1)Change

(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.


To

(1) Personal balances between $0.00 and $2,499.99 (inclusive) shall be taxed at a rate between 0.00% and 0.5% 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 0.5% and 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 0.15% 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 0.35% 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 0.45% 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 0.55% daily.
(8) The set rate must be consistent for all individuals of the same wealth bracket and may not vary by person.


(2)Repeal UBI
 
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