Federal Income Tax Passed

this is Nico Wiedemann, Live From the Capitol, with another Breaking story

Recently, the Unites States of The Republic of Excelsior experienced the largest economic downturn yet. Our GDP fell by %64. We've since recovered, with a soaring economy, but the government fears yet another downturn is on the way. With retail income limited, the government was presented with the perfect oppurtunity to gain income a few days ago: the passing of the Excelsioran
Industry act, or SIVIII. SIVIII legally lets companies be created within excelsior, and subsequently registered as Excelsioran. Using this, a bill was proposed called the federal taxes bill, or the STX bill. The STX goes like this: basically, if you have a company that is registered as Excelsioran, and holds an Excelsioran permit, which is needed to do business in Excelsior, %25 of your income must go to the government. Taxes are to be collected every two months. Currently, this law does not directly affect any companies.