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Bank Balance Tax Act

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This matter has been repealed, voided, or is otherwise out of date

Repealed by the Balance Tax Act 2025

Bank Balance Tax Act 2025

Passed by the Senate on 7 June 2025 and signed by the President on 10 June 2025. Repealed on 30 July 2025 by Rocky-nomics Act 2025. Amended and passed again on 18 October 2025 and signed on 19 October 2025.

Author: /u/JoesphStalinXDXDXDXD, u/Ivy_Cactus

Preamble

Whereas
We need a taxation method.

Article 1: Bank Balance Tax

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

§1.1. Assets that are not liquid currency shall not be taxed under this act.

§2. This 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 bank balance tax shall be levied on individuals of this article whose total assets exceed 500 tau.

  • 2% for a bank balance between 500 and 1,000 Tau.
  • 3% for a bank balance between 1,000 and 2,500 Tau.
  • 4% for a bank balance between 2,500 and 5,000 Tau.
  • 5% for a bank balance between 5,000 and 10,000 Tau.
  • 6% for a bank 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 bank 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 treasury to institutions that facilitate financial transactions, including borrowing, lending, and managing deposits.
§5.1.2. If a bank does not have a minimum of three clients or 4,000 tau in its reserves, the treasury shall re-examine the bank's status. If found to no longer be meeting its obligations as a bank, the treasury may revoke its status as a bank 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 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: Criminal Code Amendment

A new Article 53 shall be added in Part 10 of the Criminal Code 2020, “Tax Evasion.” 

Article 53: Tax Evasion
§1. The crime of Tax Evasion shall occur when a person intentionally avoids paying a lawfully levied tax liability, through either direct or indirect means. 
 §1.1. Intentionally spreading tau over multiple bank accounts to reduce tax liability shall constitute maliciously avoiding taxes for the purposes of this article.  
 §1.2. Spending tau on goods, services, or in other sanctioned channels shall not be construed as intentionally avoiding a wealth or bank balance tax, unless done with malicious intent.
§2. The sentences available for Tax evasion shall be a fine of at least double the estimated value of the evaded taxes, with no maximum fine, as well as a mute of no more than two (2) weeks.


Repealed<ref name="rockynomics">Repealed on 30 July 2025 by Rocky-nomics Act 2025</ref>

Bank Balance Tax Act

Passed by the Senate on 7 June 2025 and signed by the President on 10 June 2025. Repealed on 30 July 2025 by Rocky-nomics Act 2025. Amended and passed again on 18 October 2025 and signed on 19 October 2025.

Author: /u/JoesphStalinXDXDXDXD, u/Ivy_Cactus

Preamble

Whereas
We need a taxation method.

Article 1: Bank Balance Tax

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

§1.1. Assets that are not liquid currency shall not be taxed under this act.

§2. This tax shall be paid every two weeks, on the seventh day of a budgetary cycle.

§3. A progressive bank balance tax shall be levied on individuals of this article whose total assets exceed 200 tau.

1% for a bank balance between 200 and 500 Tau.
2% for a bank balance between 500 and 1,000 Tau.
3% for a bank balance between 1,000 and 2,500 Tau.
4% for a bank balance between 2,500 and 5,000 Tau.
6% for a bank balance between 5,000 and 10,000 Tau.
8% for a bank 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 bank 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 shall be granted by the treasury to institutions that facilitate financial transactions, including borrowing, lending, and managing deposits.
§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.

Article 2: Criminal Code Amendment

A new Article 53 shall be added in Part 10 of the Criminal Code 2020, “Tax Evasion.” 

    Article 53: Tax Evasion
    §1. The crime of Tax Evasion shall occur when a person intentionally avoids paying a lawfully levied tax liability, through either direct or indirect means. 
         §1.1. Intentionally spreading tau over multiple bank accounts to reduce tax liability shall constitute maliciously avoiding taxes for the purposes of this article.  
         §1.2. Spending tau on goods, services, or in other sanctioned channels shall not be construed as intentionally avoiding a wealth or bank balance tax, unless done with malicious intent.
    §2. The sentences available for Tax evasion shall be a fine of at least double the estimated value of the evaded taxes, with no maximum fine, as well as a mute of no more than two (2) weeks.

Article 3: Repeals

§1. Transaction Tax Act of 2025 Shall be Repealed.