Balance Tax Act 2025

Balance Tax Act 2025

Passed by the Senate on 24 October 2025; announced on 1 November 2025.

Preamble

Whereas

we need a taxation method.

Whereas

we need not a bank killing tax method.

Article 1: Balance Tax

§1. A balance tax shall be defined as the Treasury's appropriation of a percentage of an individual's wealth, proportional to their total in their personal tau account at a specific and consistent part of the budgetary cycle.

§1.1. Assets, non tau personal accounts, or non-personal tau accounts shall not be taxed under this act.

§2. This balance tax shall be paid every two weeks, anytime between the seventh and the last day of a budgetary cycle.

§2.1. If the tau bot is offline for more than 96 consecutive hours during which taxes may be collected, the state shall not collect taxes for said budgetary cycle.

§3. A progressive balance tax shall be levied on individuals of this article whose total assets exceed 500 tau.

2% for a balance between 500 and 1,000 Tau.

3% for a balance between 1,000 and 2,500 Tau.

4% for a balance between 2,500 and 5,000 Tau.

5% for a balance between 5,000 and 10,000 Tau.

6% for a balance exceeding or consisting of 10,000 tau.

§4. If the tax burden comes out to be higher than the total amount in the account, the total amount in the account shall be the tax burden instead.

§5. Corporations, except banks, shall pay a flat balance tax of 2% on all Tau exceeding 500 Tau.

§5.1. Banks shall instead be taxed 15% on all profits generated.

§5.1.1. The legal status of a bank over a corporation may be granted at the discretion of the treasury to institutions that facilitate financial transactions, including borrowing, lending, and managing deposits.

§5.1.2. If a does not have a minimum of three clients or 4,000 tau in its reserves, the treasury shall re-examine the 's status. If found to no longer be meeting its obligations as a bank , the treasury may revoke its status as a and tax it as a normal corporation.

§5.2. These taxes shall be levied at the same intervals and times as individual accounts.

§6. Banks shall be mandated to provide the Department of the Treasury with an accurate and complete list of all account holdings of individuals and corporations for the purposes of enforcing tax law.

§7. All charities or non-profits shall not be taxed on any assets or accounts they hold.

§7.1. If the treasury finds a non-profit or charity failing to meet its obligations as a non-profit or charity organization, the treasury shall have the right to revoke their status as a charity or non-profit and tax the organization as a corporation instead.

Article 2: Repeals

§1. Bank Balance Tax Act 2025 shall be repealed and no taxes shall be owed or collected form the bank balance tax.