SB 108-08: Funding a Greater Society Act (Passed)
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Author Topic: SB 108-08: Funding a Greater Society Act (Passed)  (Read 1740 times)
Left Wing
FalterinArc
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« Reply #75 on: April 11, 2022, 01:33:59 PM »
Aye
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WD
Western Democrat
Junior Chimp
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« Reply #76 on: April 15, 2022, 11:09:36 PM »
By a vote of 8-7-0-3, cloture is invoked.
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WD
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Junior Chimp
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« Reply #77 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.
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Continential
The Op
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« Reply #78 on: April 15, 2022, 11:26:20 PM »
Nay
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WD
Western Democrat
Junior Chimp
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« Reply #79 on: April 15, 2022, 11:27:24 PM »
Aye
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GM Team Member and Senator WB
weatherboy1102
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« Reply #80 on: April 15, 2022, 11:43:04 PM »
Nay
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Joseph Cao
Rep. Joseph Cao
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« Reply #81 on: April 16, 2022, 12:58:24 AM »
Nay.
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West_Midlander
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« Reply #82 on: April 16, 2022, 04:25:27 AM »
Nay
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Mr. Reactionary
blackraisin
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« Reply #83 on: April 16, 2022, 04:41:50 AM »
Nay
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Southern Senator North Carolina Yankee
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« Reply #84 on: April 16, 2022, 02:42:36 PM »
Nay
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Pedocon Theory is not a theory
CalamityBlue
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« Reply #85 on: April 16, 2022, 02:52:27 PM »
AYE
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Dr. MB
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« Reply #86 on: April 16, 2022, 05:32:59 PM »
Abstain

-Weatherboy makes a good point. I'm disappointed with the still too high tax brackets for people making under 130k. I don't see if this needs a change now.
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If my soul was made of stone
discovolante
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« Reply #87 on: April 16, 2022, 05:47:01 PM »
AYE
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S019
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« Reply #88 on: April 16, 2022, 05:54:22 PM »
AYE


Quote from: Dr. MB on April 16, 2022, 05:32:59 PM
Abstain

-Weatherboy makes a good point. I'm disappointed with the still too high tax brackets for people making under 130k. I don't see if this needs a change now.

I mean this is entirely the fault of ridiculous tax rates in your own region, it isn't our job to clean up their mistakes.
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Kuumo
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« Reply #89 on: April 17, 2022, 05:20:35 PM »
Aye
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beesley
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« Reply #90 on: April 18, 2022, 02:28:35 PM »
Aye
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Left Wing
FalterinArc
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« Reply #91 on: April 19, 2022, 12:51:41 PM »
Aye
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WD
Western Democrat
Junior Chimp
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« Reply #92 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.
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WD
Western Democrat
Junior Chimp
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« Reply #93 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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