NSG Senate Coffee Shop (OLD THREAD, DO NOT POST)

[Othelos]

How about this:

0-25,000: Exempt
25,000-50,000: 20%
50,000-80,000: 40%
80,000-150,000: 49%
150,000-200,000: 65%
200,000-1,000,000: 70%
1,000,000+: 80%

Is this serious?

[Vietnam]

How about this:

0-25,000: Exempt
25,000-50,000: 20%
50,000-80,000: 40%
80,000-150,000: 49%
150,000-200,000: 65%
200,000-1,000,000: 70%
1,000,000+: 80%

Is this serious?

What's wrong with it? A millionaire won't actually be paying 80%. Their first 25k would be exempt, the second 25k would be taxed at 20%, their next 30k would be taxed at 40%, and so on.

[Chestaan]

How about this:

0-25,000: Exempt
25,000-50,000: 20%
50,000-80,000: 40%
80,000-150,000: 49%
150,000-200,000: 65%
200,000-1,000,000: 70%
1,000,000+: 80%

Is this serious?

Yes. The vast majority of people will not pay more than 40%. This is reasonable and is similar to Irish rates, except I have added higher rates on the brackets above 80,000.

[Chestaan]

How about this:

0-25,000: Exempt
25,000-50,000: 20%
50,000-80,000: 40%
80,000-150,000: 49%
150,000-200,000: 65%
200,000-1,000,000: 70%
1,000,000+: 80%

Is this serious?

Also, do you have any idea of RL tax rates? You'll find they're not far off this on the lower bands and in fact in some cases are a lot higher.

[Imperiatom]

How about this:

0-25,000: Exempt
25,000-50,000: 20%
50,000-80,000: 40%
80,000-150,000: 49%
150,000-200,000: 65%
200,000-1,000,000: 70%
1,000,000+: 80%

Is this serious?

That's why you need to co sponsor.

[Othelos]

Is this serious?

Yes. The vast majority of people will not pay more than 40%. This is reasonable and is similar to Irish rates, except I have added higher rates on the brackets above 80,000.

Which I oppose. Someone who makes 1,000,000 has more than 65% of their income taken away. I find this unacceptable.

[Vietnam]

Yes. The vast majority of people will not pay more than 40%. This is reasonable and is similar to Irish rates, except I have added higher rates on the brackets above 80,000.

Which I oppose. Someone who makes 1,000,000 has more than 65% of their income taken away. I find this unacceptable.

Is this serious?

What's wrong with it? A millionaire won't actually be paying 80%. Their first 25k would be exempt, the second 25k would be taxed at 20%, their next 30k would be taxed at 40%, and so on.

A millionaire would be taxed at 64.38%, actually.

[Evraim]

Updated to address concerns about wording and to include more co-sponsors.

National Tax Act

Urgency: Very High

Drafted By: Geilinor

Co-Sponsors: Evraim, Wolfmanne, Gallup

---

The government of our yet to be named nation:

RECOGNIZING: the necessity of taxation if the state and government are to be sustained and preserved

ESTABLISHING: a national code of taxation applicable to all citizens and residents, without exception, unless otherwise authorized by the Senate

DEFINING: legal nonmedical drugs as substances, with the exception of foods and non-alcoholic beverages, employed for purposes other than those approved by medical professionals for the treatment of aches, smarts, and illnesses, and which are lawful to possess and use in the aforementioned capacities

MANDATING: that the Senate begin the process of determining which drugs should be legal and which drugs should not be legal with all due urgency

STIPULATING: that the tax code shall operate as follows:

Income Taxes shall be levied at:
0.00% of income earned between 0.00 and 15,999.99 NSC shall be levied
5.00% of income earned between 16,000.00 and 50,999.99 NSC shall be levied
15.00% of income earned between 51,000.00 and 100,999.99 NSC shall be levied
30.00% of income earned between 101,000.00 and 500,999.99 NSC shall be levied
40.00% of income earned between 501,000.00 and 1,000,000.00 NSC shall be levied
Any income above 1,000,000.00 NSC shall be levied at 45.00%

Sales Taxes shall be levied at:
For nonessential services: 7.25%
For gasoline: 2.50%
For publications, admission tickets to cultural events: 2.00%
For legal nonmedical drugs: 1.25%

Miscellaneous Taxes shall be levied at:
For corporate tax: 13.00%
For capital gains tax: 25.00%

[Chestaan]

Is this serious?

That's why you need to co sponsor.

Please do tell me why my rates are so ridiculous, when compared to yours:

Income Taxes shall be levied at:
0.00% of income earned between 0 and 15,999.99 NSC:shall be levied
5.00% of income earned between 16,000.00 and 50,999.99 NSC:shall be levied
15.00% of income earned between 51,000.00 and 100,999.99 NSC:shall be levied
30.00% of income earned between 101,000.00 and 500,999.99 NSC:shall be levied
40.00%of income earned between 501,000.00 and 999,999.99 NSC:shall be levied
Any income earned above 1,000,000 NSC: shall be levied at 45.00%

Basically, unless we have a nation of millionaires, the senate will be rendered powerless by a lack of funds. You are taxing the vast majority of our people at only 15%!

[Chestaan]

Yes. The vast majority of people will not pay more than 40%. This is reasonable and is similar to Irish rates, except I have added higher rates on the brackets above 80,000.

Which I oppose. Someone who makes 1,000,000 has more than 65% of their income taken away. I find this unacceptable.

As Vietnam says, no they don't. Only that part of their INCOME which is above 1,000,000 will be taxed at that rate.

[Imperiatom]

Updated to address concerns about wording and to include more co-sponsors.

National Tax Act

Urgency: Very High

Drafted By: Geilinor

Co-Sponsors: Evraim, Wolfmanne

---

The government of our yet to be named nation:

RECOGNIZING: the necessity of taxation if the state and government are to be sustained and preserved

ESTABLISHING: a national code of taxation applicable to all citizens and residents, without exception, unless otherwise authorized by the Senate

DEFINING: legal nonmedical drugs as substances, with the exception of foods and non-alcoholic beverages, employed for purposes other than those approved by medical professionals for the treatment of aches, smarts, and illnesses, and which are lawful to possess and use in the aforementioned capacities

MANDATING: that the Senate begin the process of determining which drugs should be legal and which drugs should not be legal with all due urgency

STIPULATING: that the tax code shall operate as follows:

Income Taxes shall be levied at:
0.00% of income earned between 0.00 and 15,999.99 NSC shall be levied
5.00% of income earned between 16,000.00 and 50,999.99 NSC shall be levied
15.00% of income earned between 51,000.00 and 100,999.99 NSC shall be levied
30.00% of income earned between 101,000.00 and 500,999.99 NSC shall be levied
40.00%of income earned between 501,000.00 and 1,000,000.00 NSC shall be levied
Any income above 1,000,000.00 NSC shall be levied at 45.00%

Sales Taxes shall be levied at:
For nonessential services: 7.25%
For gasoline: 2.50%
For publications, admission tickets to cultural events: 2.00%
For legal nonmedical drugs: 1.25%

Miscellaneous Taxes shall be levied at:
For corporate tax: 13.00%
For capital gains tax: 25.00%

. Much better .

In fact its perfect.

[Othelos]

That's why you need to co sponsor.

Please do tell me why my rates are so ridiculous, when compared to yours:

Income Taxes shall be levied at:
0.00% of income earned between 0 and 15,999.99 NSC:shall be levied
5.00% of income earned between 16,000.00 and 50,999.99 NSC:shall be levied
15.00% of income earned between 51,000.00 and 100,999.99 NSC:shall be levied
30.00% of income earned between 101,000.00 and 500,999.99 NSC:shall be levied
40.00%of income earned between 501,000.00 and 999,999.99 NSC:shall be levied
Any income earned above 1,000,000 NSC: shall be levied at 45.00%

Basically, unless we have a nation of millionaires, the senate will be rendered powerless by a lack of funds. You are taxing the vast majority of our people at only 15%!

We aren't spending any money yet. So, not really. Besides, they can also be raised later.

Anyway, I find taxing the majority of people at 40% excessive, as well.

[Othelos]

Which I oppose. Someone who makes 1,000,000 has more than 65% of their income taken away. I find this unacceptable.

As Vietnam says, no they don't. Only that part of their INCOME which is above 1,000,000 will be taxed at that rate.

And I went through and did the math. Someone who makes 1,000,000 annually will have more than 64% of their income taxed away.

[Vietnam]

As Vietnam says, no they don't. Only that part of their INCOME which is above 1,000,000 will be taxed at that rate.

And I went through and did the math. Someone who makes 1,000,000 annually will have more than 65% of their income taxed away.

64.38%, actually.

[Raurosia]

As Vietnam says, no they don't. Only that part of their INCOME which is above 1,000,000 will be taxed at that rate.

And I went through and did the math. Someone who makes 1,000,000 annually will have more than 65% of their income taxed away.

I did the math as well and got 64.38%

[Chestaan]

Please do tell me why my rates are so ridiculous, when compared to yours:

Income Taxes shall be levied at:
0.00% of income earned between 0 and 15,999.99 NSC:shall be levied
5.00% of income earned between 16,000.00 and 50,999.99 NSC:shall be levied
15.00% of income earned between 51,000.00 and 100,999.99 NSC:shall be levied
30.00% of income earned between 101,000.00 and 500,999.99 NSC:shall be levied
40.00%of income earned between 501,000.00 and 999,999.99 NSC:shall be levied
Any income earned above 1,000,000 NSC: shall be levied at 45.00%

Basically, unless we have a nation of millionaires, the senate will be rendered powerless by a lack of funds. You are taxing the vast majority of our people at only 15%!

We aren't spending any money yet. So, not really. Besides, they can also be raised later.

Anyway, I find taxing the majority of people at 40% excessive, as well.

So basically, the rates I have proposed will likely become a reality anyway at a later point?

Most European countries don't find it excessive.

[Othelos]

And I went through and did the math. Someone who makes 1,000,000 annually will have more than 65% of their income taxed away.

I did the math as well and got 64.38%

I forgot the untaxed 25,000, I apologize.

[Othelos]

We aren't spending any money yet. So, not really. Besides, they can also be raised later.

Anyway, I find taxing the majority of people at 40% excessive, as well.

So basically, the rates I have proposed will likely become a reality anyway at a later point?

I said "can" not "will."

Most European countries don't find it excessive.

So?

[Evraim]

Updated to address concerns about wording and to include more co-sponsors.

National Tax Act

Urgency: Very High

Drafted By: Geilinor

Co-Sponsors: Evraim, Wolfmanne

---

The government of our yet to be named nation:

RECOGNIZING: the necessity of taxation if the state and government are to be sustained and preserved

ESTABLISHING: a national code of taxation applicable to all citizens and residents, without exception, unless otherwise authorized by the Senate

DEFINING: legal nonmedical drugs as substances, with the exception of foods and non-alcoholic beverages, employed for purposes other than those approved by medical professionals for the treatment of aches, smarts, and illnesses, and which are lawful to possess and use in the aforementioned capacities

MANDATING: that the Senate begin the process of determining which drugs should be legal and which drugs should not be legal with all due urgency

STIPULATING: that the tax code shall operate as follows:

Income Taxes shall be levied at:
0.00% of income earned between 0.00 and 15,999.99 NSC shall be levied
5.00% of income earned between 16,000.00 and 50,999.99 NSC shall be levied
15.00% of income earned between 51,000.00 and 100,999.99 NSC shall be levied
30.00% of income earned between 101,000.00 and 500,999.99 NSC shall be levied
40.00%of income earned between 501,000.00 and 1,000,000.00 NSC shall be levied
Any income above 1,000,000.00 NSC shall be levied at 45.00%

Sales Taxes shall be levied at:
For nonessential services: 7.25%
For gasoline: 2.50%
For publications, admission tickets to cultural events: 2.00%
For legal nonmedical drugs: 1.25%

Miscellaneous Taxes shall be levied at:
For corporate tax: 13.00%
For capital gains tax: 25.00%

. Much better .

In fact its perfect.

Will you co-sponsor then?

[Imperiatom]

Please do tell me why my rates are so ridiculous, when compared to yours:

Income Taxes shall be levied at:
0.00% of income earned between 0 and 15,999.99 NSC:shall be levied
5.00% of income earned between 16,000.00 and 50,999.99 NSC:shall be levied
15.00% of income earned between 51,000.00 and 100,999.99 NSC:shall be levied
30.00% of income earned between 101,000.00 and 500,999.99 NSC:shall be levied
40.00%of income earned between 501,000.00 and 999,999.99 NSC:shall be levied
Any income earned above 1,000,000 NSC: shall be levied at 45.00%

Basically, unless we have a nation of millionaires, the senate will be rendered powerless by a lack of funds. You are taxing the vast majority of our people at only 15%!

We aren't spending any money yet. So, not really. Besides, they can also be raised later.

Anyway, I find taxing the majority of people at 40% excessive, as well.

To get it through with liberal support, It needs to be at that level. I negotiated this with the liberal chairman. This is the best we can hope for, to protest is folly. I have the support of Wolfmanne,Subramani ,Radiatia, and New Sapienta so far for we all negotiated it with Geilinor . I recommend this as a three line whip issue.

[Imperiatom]

. Much better .

In fact its perfect.

Will you co-sponsor then?

I will. I have already been trying to drum up support in the PC party headquarters.

[Othelos]

We aren't spending any money yet. So, not really. Besides, they can also be raised later.

Anyway, I find taxing the majority of people at 40% excessive, as well.

To get it through with liberal support, It needs to be at that level. I negotiated this with the liberal chairman. This is the best we can hope for, to protest is folly. I have the support of Wolfmanne,Subramani ,Radiatia, and New Sapienta so far for we all negotiated it with Geilinor . I recommend this as a three line whip issue.

I wasn't talking about your proposal. Most people don't make over 500K.

[Vietnam]

Please do tell me why my rates are so ridiculous, when compared to yours:

Income Taxes shall be levied at:
0.00% of income earned between 0 and 15,999.99 NSC:shall be levied
5.00% of income earned between 16,000.00 and 50,999.99 NSC:shall be levied
15.00% of income earned between 51,000.00 and 100,999.99 NSC:shall be levied
30.00% of income earned between 101,000.00 and 500,999.99 NSC:shall be levied
40.00%of income earned between 501,000.00 and 999,999.99 NSC:shall be levied
Any income earned above 1,000,000 NSC: shall be levied at 45.00%

Basically, unless we have a nation of millionaires, the senate will be rendered powerless by a lack of funds. You are taxing the vast majority of our people at only 15%!

We aren't spending any money yet. So, not really. Besides, they can also be raised later.

Anyway, I find taxing the majority of people at 40% excessive, as well.

Eh, as far as know, we could be a starving developing nation with HDI lower than the DCR's.

[Irredento]

How about this:

0-25,000: Exempt
25,000-50,000: 20%
50,000-80,000: 40%
80,000-150,000: 49%
150,000-200,000: 65%
200,000-1,000,000: 70%
1,000,000+: 80%

Well, that certainly is one way to provoke a conservative revolution.

[Evraim]

So basically, the rates I have proposed will likely become a reality anyway at a later point?

Most European countries don't find it excessive.

Not necessarily. It rather depends on senatorial spending and the overall effects of taxation.

I am skeptical that the right-wing political organizations would agree to such tax rates. The objective of the NTA is to act as a compromise between two drastically divergent views of how the economy should function. It's attracted co-sponsors from several different parties, and seems likely to pass if brought to the Senate floor.