# Proposal for the 1.2% Tax Parameter Change

**URL:** <https://classic-agora.terra.money/t/proposal-for-the-1-2-tax-parameter-change/46319>\
**Category:** Governance & Proposals\
**Created:** [September 1, 2022, 1:10am UTC](https://classic-agora.terra.money/t/proposal-for-the-1-2-tax-parameter-change/46319 "2022-09-01T01:10:28Z")\
**Posts on this page:** 1\
**Showing post:** 165

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**Author:** ![ek826](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/ek826/32/6403_2.png) [@ek826](https://classic-agora.terra.money/u/ek826)\
**Post date:** [September 7, 2022, 8:59pm UTC](https://classic-agora.terra.money/t/proposal-for-the-1-2-tax-parameter-change/46319/165 "2022-09-07T20:59:41Z")

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just an FYI, there is a slight adjustment to the tax cap that needs to be made. Since uluna is not a registered denom that is usually taxed, it will follow SDR’s tax cap (as per the code),

```
            // if no tax-cap registered, return SDR tax-cap
            return k.TaxPolicy(ctx).Cap.Amount

```

Thus, the cap amount should be set to 60,000,000,000.000000 e.g. 60billion luna. This would cover the entire 6.9 Trillion supply.

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_[View the full topic](https://classic-agora.terra.money/t/proposal-for-the-1-2-tax-parameter-change/46319)._