The Commodity Tax Act (630): Difference between revisions
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Revision as of 12:23, 10 October 2021
An act to fund government expenditure and exert market controls.
Enacted during the Great Interregnum
Article 1 - The Property Tax
- 1.1 - Creates a flat tax on all private landed property, set at an annual rate of 6% of the assessed total improved value.
Article 2 - The Petroleum Tax
- 2.1 - Creates a flat tax on the sale of petroleum, gasoline, butane, diesel, and other oil based fuels, set at a rate of 5% of the initial untaxed sale price.
Article 3 - The Point of Sales Tax
- 3.1 - Creates a flat tax on the sale of all goods and services, set at a rate of 7% of the initial untaxed sale price and collected by the seller at the point of sale.
