FE-8 Fremont Revenue Act
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Author Topic: FE-8 Fremont Revenue Act  (Read 668 times)
GAworth
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« on: September 22, 2016, 11:04:55 AM »

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Sponsor: GAworth
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GAworth
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« Reply #1 on: September 23, 2016, 08:52:25 PM »

I sent communication to the GM asking for projected revenue from this bill. Thank you GM for your speedy response.

Income Tax: $292.965bn
Sales Tax: $60.670bn
Tobacco Tax: $81.900bn
Alcohol Tax: $51.504bn
Gun Tax: $3.137bn
Bullet Tax: $0.609bn
Gas Tax: $24.470bn
Diesel Tax: $6.356bn
Total Revenue: $521.611bn (roughly $8,200 per adult)
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GAworth
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« Reply #2 on: September 24, 2016, 11:09:48 AM »

For income tax, the breakdowns were:
$0 to $25 at 0% = $0bn of revenue
$25k to $50k at 3% = $7.918bn of revenue
$50k to $100k at 5% = $23.383bn of revenue
$100k to $150k at 7% = $20.404bn of revenue
$150k to $200k at 9% = $15.028bn of reveune
$200k to $500k at 11% = $30.889bn of revenue
$500k to $1m at 13% = $14.352bn of revenue
$1m+ at 15% = $18.570bn of revenue

Again thank you GM for the breakdown.
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pikachu
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« Reply #3 on: September 25, 2016, 08:10:18 PM »

So, at the moment, this looks fine, but I'm still to figure out what our expenditures are. Regardless, I'd like the Assembly to pass something, just to give us a starting point for budget work.
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GAworth
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« Reply #4 on: October 03, 2016, 08:40:46 PM »

Members, I will allow for a continuation of debate of 24 hours before I move to a vote.
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GAworth
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« Reply #5 on: October 06, 2016, 12:22:17 PM »

Alright members, come on! Are we debating anything in this chamber? I will move a vote, 48 hours to vote.

AYE
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GAworth
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« Reply #6 on: October 12, 2016, 12:21:03 AM »

Alright members, seeing no votes in 8 days. I will close the vote. 1-0-2, the bill passed.
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Adam Griffin
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« Reply #7 on: October 12, 2016, 03:28:38 AM »

Aye, for the record.
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