From b29a366a71b960c670873b0db42beb0511fc5970 Mon Sep 17 00:00:00 2001 From: wellspringcp <69349872+wellspringcp@users.noreply.github.com> Date: Thu, 8 Oct 2020 02:00:55 +1100 Subject: [PATCH] Update 03-1-taxation.md --- 03-treasury-and-taxation/03-1-taxation.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/03-treasury-and-taxation/03-1-taxation.md b/03-treasury-and-taxation/03-1-taxation.md index 53390dc..d7e4a69 100644 --- a/03-treasury-and-taxation/03-1-taxation.md +++ b/03-treasury-and-taxation/03-1-taxation.md @@ -12,7 +12,7 @@ In addition, as explicit prohibitions for the sake of completeness: - No taxes shall be levied on wealth instead of income. - Any politician found guilty of introducing a bill to pursue a tax on wealth shall become an outlaw after 2 hours. - No taxes shall be levied on abstract entities such as "corporations", etc. - - This shall not be construed to prevent the legislature from creating and governing such fictional legal entities as "corporations". + - This shall not be construed to prevent the legislature from creating and governing such fictional legal entities as "corporations"; they simply cannot be taxed: only individuals may be taxed. #### Evasion: @@ -23,7 +23,7 @@ Evasion shall not be criminalized or carry criminal penalties. Notwithstanding, ### Upper limit on taxation -No landlord shall be taxed more heavily than at 10% of the income generated per unit of his natureses. All taxation exceeding this shall be **unenforceable**. +No landlord shall be taxed more heavily than at 10% of the income generated per unit of his natureses. All taxation exceeding this shall be **unenforceable**. There shall be no form of graduated income tax. The tax on all residents shall always be uniform. ## Incentives via tax discounts