Pacific Legislature Official Thread

[Fuzzybigfoot]

That looks good, I would prefer if the beginning threshold were increased to 50k and there was a lower rate from 30k-50k (like 1%), but it's not a deal breaker.  (Mainly due to the existing federal income tax)

Sure:


0-29,999 (0%)

30,000-49,999 (1%)

50,000-99,999 (3%)

100,000-999,999 (5%)

1,000,000-9,999,999 (10%)

10,000,000-49,999,999 (15%)

50,000,000+ (30%)

[Fuzzybigfoot]

While we're on the subject of revenue, is there any support here to restrict and/or tax commercial gambling?

Maybe.  Any particular ideas? 

[Fuzzybigfoot]

I would be fine with taxing gambling, but not necessarily restricting it.

^^^Me too. 

[Fuzzybigfoot]

Income Tax Reform Bill

1. Effective FY 2013, all regional income taxes shall be abolished and replaced with the following brackets:
a. 0% on all income earned from 0-29,999
b. 1% on all income earned from 30,000-49,999
c. 3% on all income earned from 50,000-99,999
d. 5% on all income earned from 100,000-999,999
e. 10% on all income earned from 1,000,000-9,999,999
f. 15% on all income earned from 10,000,000-49,999,999
g. 30% on all income earned past 49,999,999

x  Fuzzy

[Fuzzybigfoot]

Seeing as though everyone here has been killed off again, I declare myself king and head pimp of the Pacific Region.  


ALL HAIL THE HONORABLE FUZZY!!!1!!1!






Oh wait, since everyone is dead, no one can worship me. 

[Fuzzybigfoot]

So is that income tax bill law already?   I can't quite grasp the procedure of your assembly. 

New highest effective income tax rate (regional and federal) under this bill is 72%, figuring in the federal deduction for regional taxes, in case anyone was wondering.

No, we need more signatures first, than we have a vote and so on. 



Thanks for the heads up on the net tax rate. 

[Fuzzybigfoot]

Income Tax Reform Bill

1. Effective FY 2013, all regional income taxes shall be abolished and replaced with the following brackets:
a. 0% on all income earned from 0-29,999
b. 1% on all income earned from 30,000-49,999
c. 3% on all income earned from 50,000-99,999
d. 5% on all income earned from 100,000-999,999
e. 10% on all income earned from 1,000,000-9,999,999
f. 15% on all income earned from 10,000,000-49,999,999
g. 30% on all income earned from 50,000,000-99,999,999
h. 50% on all income earned past 99,999,999

I call for a vote on this bill. 

[Fuzzybigfoot]

Aye!

[Fuzzybigfoot]

lol it's almost been a month.

[Fuzzybigfoot]

Can anyone vote here?

Any Pacific citizen can.