Pacific - Emergency Legislative Proposals (user search)
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Author Topic: Pacific - Emergency Legislative Proposals  (Read 1063 times)
Bacon King
Atlas Politician
Atlas Icon
*****
Posts: 18,833
United States


Political Matrix
E: -7.63, S: -9.49

« on: June 21, 2015, 12:11:55 AM »

you are the hero the Pacific needs!
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Bacon King
Atlas Politician
Atlas Icon
*****
Posts: 18,833
United States


Political Matrix
E: -7.63, S: -9.49

« Reply #1 on: June 21, 2015, 01:08:55 AM »

If a landlord makes more than $49,500 in rental income, he makes more than $49,500 in rental income.  Ditto for investment income.  Ditto for someone who holds two jobs, getting paid the alleged maximum in both.  The federal government will tax the amount of income he actually received, not whatever the Pacific decrees he should have received.

I don't see what's unclear.  Any income earned past 49,501 cannot be kept by the worker.  It does not therefore make sense to work "two jobs."  Attempting to keep the income earned from working "two jobs" is illegal under Pacific law.

Someone who makes $30,000 might find it advantageous to find another job that pays her an additional amount.  Suppose that is $30,000.  She makes $60,000 for federal purposes.  Your attempt to steal $10,500 for making "too much money" isn't recognized by the federal government. 

Suppose someone sells their house for $500,000 while holding a job making $49,500.  He would have $549,500 in income for federal purposes, and would have to pay tax on that amount.  But the Pacific is stealing $500,000 from him.  How can he pay his federal tax bill?

It's too bad I'm not the GM.  Stupid laws like this would have real-world consequences.  The economy of the Pacific would crater as smart people move out of the region.  Silicon Valley would become a ghost town as people move to Texas.  And the Pacific would be left with high unemployment and lower tax revenues to match this brain drain.

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Bacon King
Atlas Politician
Atlas Icon
*****
Posts: 18,833
United States


Political Matrix
E: -7.63, S: -9.49

« Reply #2 on: June 21, 2015, 02:22:15 AM »

Definitely hippo
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