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The sheaf of papers accompanying the journal describes several potential revisions to the Rodosian personal and business tax code, including replacing the existing system with
The sheaf of papers accompanying the journal describes several potential revisions to the Rodosian personal and business tax code, including replacing the existing system with a progressive tax system, the assessment of different luxury and sin taxes, and/or modifications of the provisions of the current system Two of the specific proposals include the following Policy Proposal 1: Replace the existing system with a progressive tax system that would tax business and individuals, using these schedules: Business Tax Rates You Pay This Amount on the Base of the Bracket SRO SR1,620,000 SR4,140,000 SR9,180,000 SR14,850,000 Plus This Percentage on If your Taxable Income Is Up to 9,000,000 9,000,000-21,000,000 21,000,000-42,000,000 42,000,000-63,000,000 Over 63,000,000 the Excess over the Base 18% 2196 24% 27% 30% Personal Tax Rates You Pay This Amount on the Base of the Bracket SRO SR960 SR3,360 SR10,200 Plus This Percentage on If your Taxable Income Is Up to 12,000 12,000-32,000 32,000-70,000 Over 70,000 the Excess over the Base 896 12% 18% 30%
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