Tax Increase Bill

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1. If I make 6,000,000, I should pay the taxes on it. Simple as that. Why should the 32,000 worker pay the taxes, but not the 6,000,000? I fail to see the logic.

2. Im not a huge fan of the sin tax. Just because of the effect of the product it should be taxed more? I dont think so. If you dont like it, remove it from market. Otherwise, leave it alone.

3. Im happy with this choice of tax raise. If you have enough to buy a 100,000,000 estate, you can afford this tax. However, farms should get a break from this tax, at least somewhat.


Liking 2 out of 3, Ill vote Aye to this.


and add this amendment:

1. All income up to $500,000 shall be subject to social security taxes.
2. Clause 5 of F.L. 11-6, National Sin Tax Act, is amended to read: "The taxes implemented by this act are an addition to, not an overriding of, any existing federal and regional taxes that are placed on the aforementioned products."
3. An estate tax is established. Each portion of the value of the estate shall be taxed at the following rates, with each rate corresponding to the tax rate on only the portion of the estate that falls in the appointed range:
a) $0-$5,000,000 – 0%
b) $5,000,001-$10,000,000 – 3%
c) $10,000,001-$17,500,000 – 4%
d) $17,500,001-$25,000,000 – 5%
e) $25,000,001-$50,000,000 – 7.5%
f) $50,000,001-$100,000,000 – 10%
g) $100,000,001 and above – 12.5%
Farmers' non-residential property shall be taxed at 50% the normal tax rate.

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Aye

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Abstain

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Aye