The Individual Income Tax Act (630)

From The Kodiak Republic Wiki

Revision as of 12:20, 10 October 2021 by FDold>Rakkeyal (Rakkeyal moved page The Individual Income Tax Act (Inter) to The Individual Income Tax Act (630): Became New Act)

An act to fund government expenditure from individual revenues.
Enacted during the Great Interregnum

Article 1 - The Income Tax

1.1 - Establishes the Kodiak Revenue Directorate in the capital city of Rykkburgh.
1.2 - Creates a progressive tax on all earnings by citizens of the Republic set at the median annual tax rate of 11%.

Article 2 - The Capital Gains Tax

2.1 - Creates a flat tax on all capital gains by citizens of the Republic set at an annual rate of 7%.
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