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Bill: Income tax proposal of September 2490
Details
Submitted by[?]: Social Democratic Party of Saridan
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: May 2491
Description[?]:
| The Social Democratic Party of Saridan propose to adjust the government's income tax policy to better address the economic situation of the République Democratique de Saridan. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 40
Proposed: 30
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 2
Current: 0
Proposed: 1
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 21
Proposed: 15
Article 4
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
| Bracket | Tax | Estimated Revenue |
| > 10,000 SAD | 5% | 25,457,000,000 SAD |
| > 20,000 SAD | 6% | 17,610,000,000 SAD |
| > 30,000 SAD | 7% | 11,375,000,000 SAD |
| > 40,000 SAD | 8% | 8,895,000,000 SAD |
| > 50,000 SAD | 10% | 5,338,000,000 SAD |
| > 60,000 SAD | 13% | 3,271,000,000 SAD |
| > 70,000 SAD | 15% | 1,705,000,000 SAD |
| > 80,000 SAD | 20% | 784,000,000 SAD | Total | 74,435,000,000 SAD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 157 | ||||
| no | Total Seats: 40 | ||||
| abstain | Total Seats: 95 |
| Random fact: Particracy does not allow official national flags of real-life nations or flags which are very prominent and recognisable (eg. the flags of the European Union, the United Nations, Nazi Germany, the Soviet Union or the Confederate States of America). |
| Random quote: "The National Rifle Association says, 'Guns don't kill people; people kill people,' but I think the gun helps." - Eddie Izzard |