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Bill: GJA Taxes and Surplus - 10.19.2546.AD
Details
Submitted by[?]: New Socialist Agenda
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: June 2547
Description[?]:
| "When you take money from a person and use the money in a way that does not benefit the person from whom you got that money, it is called theft. That is precisely what the government is doing when it has a surplus. In this bill we take an annual surplus of 249 billion and drop it down to only 2 billion." -Raamiah Galgenstrick, Chairman of the GJA >>Be it enacted by the Knesset of the Sixth Jewish Homeland of Beiteynu: 1)(A)In the Jewish Tax Policy (JTP), under Article I (income tax), section 1 (rates), the policy shall be altered so that no one receiving less than 60,000 BEI of taxable income shall pay any income tax, and that anyone receiving between 60,000 BEI to 70,000 BEI of taxable income shall pay an income tax of 3 percent. 2)(A)In the JTP, article II (corporate tax) shall be struck in its entirety, corporate tax shall cease to exist, and all subsequent articles shall be renumbered to their numbers previous, respectively. 3)(A)It is the intention of this legislature that if any part of this bill is declared unconstitutional, all other parts remain in full force and effect.<< |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 22
Current: 18
Proposed: 0
Article 2
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 |
| > 60,000 BEI | 3% | 5,023,000,000 BEI |
| > 70,000 BEI | 22% | 32,976,000,000 BEI |
| > 80,000 BEI | 25% | 32,571,000,000 BEI |
| > 90,000 BEI | 30% | 35,903,000,000 BEI |
| > 100,000 BEI | 34% | 56,254,000,000 BEI |
| > 120,000 BEI | 38% | 40,237,000,000 BEI |
| > 140,000 BEI | 42% | 28,213,000,000 BEI | Total | 231,177,000,000 BEI |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 278 | ||||
| no |
Total Seats: 122 | ||||
| abstain |
Total Seats: 0 |
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