Tax+Reform

Amount || Income Tax Percentage || Property Value || Property Tax Percentage || Sales Tax Percentage || Corporation Value || Corporation Tax Percentage (out of annual earnings) || Carbon Tax Dollars Per Metric Ton (based on income amounts or corporation value, whichever applicable) ||
 * Taxes:**
 * Collected yearly by IRS
 * Rates
 * Each state will decide its own taxes (except for income tax) within a certain range
 * Starting rates (per quarter):
 * Income
 * $0-20,000 || 10% || $0-250,000 || 1% || 12% || $0-1,000,000 || 0% || $60 ||
 * $20,001-50,000 || 25% || $250,001-400,000 || 5% || 12% || $1,000,001-$100,000,000 || 3% || $100 ||
 * $50,001-100,000 || 30% || $400,001-600,000 || 10% || 12% || $100,000,001-500,000,000 || 5% || $150 ||
 * $100,001-250,000 || 45% || $600,001-1,000,000 || 16% || 12% || $500,000,001-3,000,000,000 || 8% || $250 ||
 * $250,001+ || 55% || $1,000,001+ || 20% || 12% || $3,000,000,000+ || 12% || $400 ||


 * During the process of converting the country to renewable energy resources, there will be a sizable tax jump
 * After the environmental crisis is more under control, tax rates will settle again

KWH per month from non-renewable sources: || Consumes less than 25 gallons of gasoline per month ||
 * Types
 * Income
 * Definite rates set by federal government
 * Property
 * Rates set by individual states
 * Rates determined by value of house and property
 * Sales
 * Rates set by individual states
 * Low sales tax relative to high other taxes
 * Corporation tax
 * No tax on businesses valued less than $1 million to encourage small business growth
 * Increasing taxes on companies valued more to reduce the probability of large, private cash pools
 * Carbon Tax
 * Discourages vehicles and facilities with high emissions
 * Provides an incentive to go beyond minimum requirements when purchasing, for example, a car
 * Incentives
 * Incentives for lowered energy consumption per month:
 * Tax Break: || House uses under 4,000
 * Income || -5% || -2% ||
 * Property || -1% || -1% ||
 * Sales || -1% || -1% ||