SB 108-08: Funding a Greater Society Act (Passed)

[WD]

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:

                     
 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:

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

[GM Team Member and Senator WB]

What does this look like with regional taxes too? I’m aware that things are still similar to irl levels federally in part because increasing the highest rate would bring it to over 100%.

[West_Midlander]

What does this look like with regional taxes too? I’m aware that things are still similar to irl levels federally in part because increasing the highest rate would bring it to over 100%.

Senator, some members of this majority believe you can never tax people enough.

Not including you, obviously.

[S019]

What does this look like with regional taxes too? I’m aware that things are still similar to irl levels federally in part because increasing the highest rate would bring it to over 100%.

This is of course an issue, but it's the fault of the incompetence of the regional governments, if anything this is a good argument for abolishing the regions entirely. I see no issue with this bill, as is, and the incompetence of the regions should not hold us back from passing policy.

[Pedocon Theory is not a theory]

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:

                     
 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:

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

Looks like a good bill. Common sense.

Motion to proceed to a final vote.

[Mr. Reactionary]

As this bill has been on the floor for less than a day and there are unanswered questions, I object to the out of order final vote motion.

Perhaps there should be a training conducted for the kids who don't know floor procedure.

[WD]

The final vote motion is not valid.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

The main shtick of the Senator pushing for a final vote seems to be that anything on the Senate floor (with or without any debate) needs to either be motioned to table or a final vote.

[Pedocon Theory is not a theory]

The main shtick of the Senator pushing for a final vote seems to be that anything on the Senate floor (with or without any debate) needs to either be motioned to table or a final vote.

The main shtick of the Federalist party is that the people of Atlasia should be subjected to an endless flow of useless legislation about whatever their whine du jour is.

[Kuumo]

This bill is necessary to provide the dollars needed to implement projects like the New Great Society Act that better the lives of everyday Atlasians. As these projects are meant to benefit those most in need, it is only fair that the contributions by Atlasian taxpayers should be in line with their ability to shoulder the bill.

[Southern Senator North Carolina Yankee]

What does this look like with regional taxes too? I’m aware that things are still similar to irl levels federally in part because increasing the highest rate would bring it to over 100%.

This is of course an issue, but it's the fault of the incompetence of the regional governments, if anything this is a good argument for abolishing the regions entirely. I see no issue with this bill, as is, and the incompetence of the regions should not hold us back from passing policy.

There is not whiskey strong enough in Kentucky or Texas that can wash this crap down.

[Southern Senator North Carolina Yankee]

The main shtick of the Senator pushing for a final vote seems to be that anything on the Senate floor (with or without any debate) needs to either be motioned to table or a final vote.

The main shtick of the Federalist party is that the people of Atlasia should be subjected to an endless flow of useless legislation about whatever their whine du jour is.

The main shtick of the Federalist Party is responsible governance and included in that is yes funding for what you spend, but also not over extending your spending to the point that it necessitates pushes taxation about 100% in some locales.

The other shtick of the Federalist Party is shifting of a number of domestic priorities back to the regions and given them the ability to not be "federally preempted" from their own tax base so that they have the ability to fund roads, bridges, schools etc locally, would be part and parcel to that. Its a slippery slope to as the resident suburban New Jersey centralist put it, the diminution of the regional prerogatives, which as late as this winter prominent Laborites were keen to challenge my party for the title of "most pro-region".

[Pedocon Theory is not a theory]

The main shtick of the Senator pushing for a final vote seems to be that anything on the Senate floor (with or without any debate) needs to either be motioned to table or a final vote.

The main shtick of the Federalist party is that the people of Atlasia should be subjected to an endless flow of useless legislation about whatever their whine du jour is.

<blah blah something about fantasy taxes bad conservatives good wank wank the south>

Actually, you still don't get the point, do you? Taxation at 100% is the goal, perhaps even further if we can.

[Southern Senator North Carolina Yankee]

The main shtick of the Senator pushing for a final vote seems to be that anything on the Senate floor (with or without any debate) needs to either be motioned to table or a final vote.

The main shtick of the Federalist party is that the people of Atlasia should be subjected to an endless flow of useless legislation about whatever their whine du jour is.

<blah blah something about fantasy taxes bad conservatives good wank wank the south>

Actually, you still don't get the point, do you? Taxation at 100% is the goal, perhaps even further if we can.

134

[GM Team Member and Senator WB]

The main shtick of the Senator pushing for a final vote seems to be that anything on the Senate floor (with or without any debate) needs to either be motioned to table or a final vote.

The main shtick of the Federalist party is that the people of Atlasia should be subjected to an endless flow of useless legislation about whatever their whine du jour is.

<blah blah something about fantasy taxes bad conservatives good wank wank the south>

Actually, you still don't get the point, do you? Taxation at 100% is the goal, perhaps even further if we can.

134

1984

[Southern Senator North Carolina Yankee]

The main shtick of the Senator pushing for a final vote seems to be that anything on the Senate floor (with or without any debate) needs to either be motioned to table or a final vote.

The main shtick of the Federalist party is that the people of Atlasia should be subjected to an endless flow of useless legislation about whatever their whine du jour is.

<blah blah something about fantasy taxes bad conservatives good wank wank the south>

Actually, you still don't get the point, do you? Taxation at 100% is the goal, perhaps even further if we can.

134

1984

Its bad enough we have three digit percentages being tossed around.

[Mr. Reactionary]

The main shtick of the Senator pushing for a final vote seems to be that anything on the Senate floor (with or without any debate) needs to either be motioned to table or a final vote.

The main shtick of the Federalist party is that the people of Atlasia should be subjected to an endless flow of useless legislation about whatever their whine du jour is.

<blah blah something about fantasy taxes bad conservatives good wank wank the south>

Actually, you still don't get the point, do you? Taxation at 100% is the goal, perhaps even further if we can.

134

Is this for real?

The GM should have recognized a depression right now.

Especially with 50 bills spending eleventy billion dollars.

[WD]

Opening a final vote in 24 hours

[Continential]

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:

                     
 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)

The Wealth Tax Act is amended as follows:

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: $576.00 202.55 Billion

My apologies for submitting an amendment this late but I hope nobody objects.

[WD]

Objection, as the revenue generated by this amendment to the wealth tax is actually less than what was generated in the previous budget.

[𝕭𝖆𝖕𝖙𝖎𝖘𝖙𝖆 𝕸𝖎𝖓𝖔𝖑𝖆]

Objection from the de facto comptroller, as Ishan's amendment has nonsensical numbers. That figure of $576 billion referred specifically to the wealth tax so it can't possibly become lower if the wealth tax is untouched. The income tax changes are also inconsistent with the way I formatted the revenue.

[𝕭𝖆𝖕𝖙𝖎𝖘𝖙𝖆 𝕸𝖎𝖓𝖔𝖑𝖆]

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.

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:

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:

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

[Continential]

Objection from the de facto comptroller, as Ishan's amendment has nonsensical numbers. That figure of $576 billion referred specifically to the wealth tax so it can't possibly become lower if the wealth tax is untouched. The income tax changes are also inconsistent with the way I formatted the revenue.

I’ll withdraw and introduce another amendment in a few hours.

[𝕭𝖆𝖕𝖙𝖎𝖘𝖙𝖆 𝕸𝖎𝖓𝖔𝖑𝖆]

Objection from the de facto comptroller, as Ishan's amendment has nonsensical numbers. That figure of $576 billion referred specifically to the wealth tax so it can't possibly become lower if the wealth tax is untouched. The income tax changes are also inconsistent with the way I formatted the revenue.

I’ll withdraw and introduce another amendment in a few hours.

What kind of amendment do you want introduce? The same principle but better formatted?

[Continential]

Objection from the de facto comptroller, as Ishan's amendment has nonsensical numbers. That figure of $576 billion referred specifically to the wealth tax so it can't possibly become lower if the wealth tax is untouched. The income tax changes are also inconsistent with the way I formatted the revenue.

I’ll withdraw and introduce another amendment in a few hours.

What kind of amendment do you want introduce? The same principle but better formatted?

Yes.