Thursday, January 31, 2008

Taxes

First thing's first...

There will NEVER be an income tax! The model will follow the original intent of the constitution of the U.S. in that there will be a form of business or 'profit' tax, but not a tax on wages...period.

Any special taxes MUST BE APPORTIONED. What this means is, a DIRECT tax (ie. a 5-cent tax on every banana purchased in the kingdom) can be implemented ONLY if the money generated goes to specific project (ie. - establishing and maintaining a banana festival each year on April 19th). The critical point is that the monies derived from this type of tax can't merely go into a general fund.

Likewise, in order to go to war, the King would have to impose a "War Tax". (As explained previously, the passage of such law is subject to approval of the citizenship AND the Supreme Council.)

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