SB 108-08: Funding a Greater Society Act (Passed) (user search)
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  SB 108-08: Funding a Greater Society Act (Passed) (search mode)
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Author Topic: SB 108-08: Funding a Greater Society Act (Passed)  (Read 1921 times)
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« on: March 21, 2022, 11:35:53 PM »
« edited: May 08, 2022, 03:38:08 AM by Southern Senator North Carolina Yankee »
Quote
AN ACT
To provide for tax increases on high incomes

Be it enacted by the Senate of the Republic of Atlasia assembled

Section 1. Title

1. This act may be cited as the Funding a Greater Society Act.

Section 2. Tax Changes

Changes to tax brackets:

Quote
                     
 by tax bracket:
 0-13K      10%
 13K-50k    15%                    
 50K-130K   25%                      
 130K-210K  29%  31% : $452,282,000,000.00 ($452.29 Billon)    
 210K-413K  34%  38%: $317,099,000,000.00 ($317.10 Billon)                        
 413K+  45%: $244,141,000,000.00 ($244.14 Billon)

The Wealth Tax Act is amended as follows:
Quote
1. Households of a net worth greater than $50 million shall have a 24 %  annual tax imposed on their net worth.
2. A 2% 4% annual surcharge shall be imposed on net worth greater than $1 billion.
3. A 1% 2% annual surcharge shall be imposed on net worth greater than $5 billion.
4. A 1% 2% annual surcharge shall be imposed on net worth greater than $10 billion.

Revenue: $576.00 Billion



Sponsor: Kuumo

The gentleman from Idaho is recognized
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #1 on: March 22, 2022, 04:04:11 PM »
The final vote motion is not valid.
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #2 on: March 26, 2022, 11:13:52 PM »
Opening a final vote in 24 hours
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #3 on: March 26, 2022, 11:49:02 PM »
Objection, as the revenue generated by this amendment to the wealth tax is actually less than what was generated in the previous budget.
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #4 on: March 27, 2022, 11:59:46 AM »
Quote from: Cardinal 🐦 on March 27, 2022, 06:57:33 AM
For the record, here is an amendment where I transfer the revenue levels for the unaltered brackets from the budget and add the total revenue in the income tax section, for clarity.

Quote
AN ACT
To provide for tax increases on high incomes

Be it enacted by the Senate of the Republic of Atlasia assembled

Section 1. Title

1. This act may be cited as the Funding a Greater Society Act.

Section 2. Tax Changes

Changes to income tax brackets:

Quote
by tax bracket:
 0-13K      10%    $ 12,700,800,000.00 ($ 12.70 billion)
 13K-50k    15%    $ 297,239,775,000.00 ($ 297.24 billion)
 50K-130K   25%     $ 812,899,937,500.00 ($ 812.90 billion)
 130K-210K  29%  31%: $452,282,000,000.00 ($452.29 Billon)    
 210K-413K  34%  38%: $317,099,000,000.00 ($317.10 Billon)
 413K+  45%: $244,141,000,000.00 ($244.14 Billon)

Total Revenue: $2,136,362,512,500.00 ($2,136.36 Billion)

The Wealth Tax Act is amended as follows:
Quote
1. Households of a net worth greater than $50 million shall have a 2% 4% annual tax imposed on their net worth.
2. A 2% 4% annual surcharge shall be imposed on net worth greater than $1 billion.
3. A 1% 2% annual surcharge shall be imposed on net worth greater than $5 billion.
4. A 1% 2% annual surcharge shall be imposed on net worth greater than $10 billion.

Revenue: $576.00 Billion



Sponsoring this amendment.
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #5 on: March 27, 2022, 12:00:21 PM »
« Edited: March 27, 2022, 12:24:49 PM by Senator WD, PPT »
We will be considering the amendment drafted by the Former Vice President, and then we will be turning to Ishan’s amendment.
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #6 on: March 27, 2022, 12:01:04 PM »
24 hours to object to the Battista amendment.
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #7 on: March 28, 2022, 08:03:10 PM »
Objection being raised, a vote is now open on the Battista amendment. Please vote Aye, Nay, or Abstain
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #8 on: March 28, 2022, 10:00:39 PM »
Aye
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #9 on: April 05, 2022, 09:17:53 PM »
Closing in 24 hours
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #10 on: April 06, 2022, 11:24:38 AM »
By a vote of 7-4-0-7, the amendment is adopted.
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #11 on: April 06, 2022, 11:25:18 AM »
Quote
AN ACT
To provide for tax increases on high incomes

Be it enacted by the Senate of the Republic of Atlasia assembled

Section 1. Title

1. This act may be cited as the Funding a Greater Society Act.

Section 2. Tax Changes

Changes to income tax brackets:

Quote
by tax bracket:
 0-13K      100% $0 ($0)
 13K-50k    15%: $99,079,925,000 ($99.07 billion)             
 50K-130K  205%: $650,319,950,000 ($650.32 billion) 
 130K-210K  29%  31%: $452,282,000,000.00 ($452.29 Billon)     
 210K-413K  34%  38%: $317,099,000,000.00 ($317.10 Billon)
 413K+  45%: $244,141,000,000.00 ($244.14 Billon)

Total Revenue: $1,762,921,875,000 ($1,762.92 Billion)

The Wealth Tax Act is amended as follows:
Quote
1. Households of a net worth greater than $50 million shall have a 2% 4% annual tax imposed on their net worth.
2. A 2% 4% annual surcharge shall be imposed on net worth greater than $1 billion.
3. A 1% 2% annual surcharge shall be imposed on net worth greater than $5 billion.
4. A 1% 2% annual surcharge shall be imposed on net worth greater than $10 billion.

Revenue: $576.00 Billion


A vote is now open on Ishan’s amendment. Please vote Aye, Nay, or Abstain.
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #12 on: April 07, 2022, 11:24:02 AM »
Nay
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #13 on: April 09, 2022, 11:19:31 AM »
Closing in 24 hours
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #14 on: April 10, 2022, 02:26:10 PM »
By a vote of 1-9-1-7, the amendment is rejected
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #15 on: April 10, 2022, 02:26:53 PM »
Opening a final vote in 24 hours
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #16 on: April 10, 2022, 11:17:40 PM »
« Edited: April 10, 2022, 11:20:56 PM by Senator WD, PPT »
A vote on cloture is now open. Please vote Aye, Nay, or Abstain.
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #17 on: April 10, 2022, 11:18:03 PM »
Aye
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #18 on: April 15, 2022, 11:09:36 PM »
By a vote of 8-7-0-3, cloture is invoked.
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #19 on: April 15, 2022, 11:10:42 PM »
Quote
AN ACT
To provide for tax increases on high incomes

Be it enacted by the Senate of the Republic of Atlasia assembled

Section 1. Title

1. This act may be cited as the Funding a Greater Society Act.

Section 2. Tax Changes

Changes to income tax brackets:

Quote
by tax bracket:
 0-13K      10%    $ 12,700,800,000.00 ($ 12.70 billion)
 13K-50k    15%    $ 297,239,775,000.00 ($ 297.24 billion)
 50K-130K   25%     $ 812,899,937,500.00 ($ 812.90 billion)
 130K-210K  29%  31%: $452,282,000,000.00 ($452.29 Billon)    
 210K-413K  34%  38%: $317,099,000,000.00 ($317.10 Billon)
 413K+  45%: $244,141,000,000.00 ($244.14 Billon)

Total Revenue: $2,136,362,512,500.00 ($2,136.36 Billion)

The Wealth Tax Act is amended as follows:
Quote
1. Households of a net worth greater than $50 million shall have a 2% 4% annual tax imposed on their net worth.
2. A 2% 4% annual surcharge shall be imposed on net worth greater than $1 billion.
3. A 1% 2% annual surcharge shall be imposed on net worth greater than $5 billion.
4. A 1% 2% annual surcharge shall be imposed on net worth greater than $10 billion.

Revenue: $576.00 Billion


A final vote is now open. Please vote Aye, Nay, or Abstain.
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #20 on: April 15, 2022, 11:27:24 PM »
Aye
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #21 on: April 19, 2022, 12:54:27 PM »
By a vote of 7-6-1-4, this bill is passed and goes to the President for his signature or veto.
Logged
WD
Western Democrat
Junior Chimp
*****
Posts: 6,610
Ukraine


Political Matrix
E: -7.35, S: -0.35
« Reply #22 on: April 19, 2022, 12:57:17 PM »
Quote
Quote
AN ACT
To provide for tax increases on high incomes

Be it enacted by the Senate of the Republic of Atlasia assembled

Section 1. Title

1. This act may be cited as the Funding a Greater Society Act.

Section 2. Tax Changes

Changes to income tax brackets:

Quote
by tax bracket:
 0-13K      10%    $ 12,700,800,000.00 ($ 12.70 billion)
 13K-50k    15%    $ 297,239,775,000.00 ($ 297.24 billion)
 50K-130K   25%     $ 812,899,937,500.00 ($ 812.90 billion)
 130K-210K  29%  31%: $452,282,000,000.00 ($452.29 Billon)    
 210K-413K  34%  38%: $317,099,000,000.00 ($317.10 Billon)
 413K+  45%: $244,141,000,000.00 ($244.14 Billon)

Total Revenue: $2,136,362,512,500.00 ($2,136.36 Billion)

The Wealth Tax Act is amended as follows:
Quote
1. Households of a net worth greater than $50 million shall have a 2% 4% annual tax imposed on their net worth.
2. A 2% 4% annual surcharge shall be imposed on net worth greater than $1 billion.
3. A 1% 2% annual surcharge shall be imposed on net worth greater than $5 billion.
4. A 1% 2% annual surcharge shall be imposed on net worth greater than $10 billion.

Revenue: $576.00 Billion


Passed 7-6-1-4 in the Atlasian Senate assembled,




Western Democrat, President Pro Tempore
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