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Bill: Income tax proposal of October 2564
Details
Submitted by[?]: National Thomasian Party
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 2565
Description[?]:
| The National Thomasian Party feels that to develop the national economy appropriately government spending should be raised to just under 40%. To achieve this we propose a series of tax rises and a series of spending increases to reach this goal. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 18
Proposed: 30
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 12
Current: 15
Proposed: 17
Article 3
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 |
| > 20,000 MRD | 10% | 79,160,000,000 MRD |
| > 35,000 MRD | 25% | 152,610,000,000 MRD |
| > 50,000 MRD | 35% | 254,409,000,000 MRD |
| > 80,000 MRD | 50% | 301,809,000,000 MRD | Total | 787,988,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 255 | ||||
| no |
Total Seats: 0 | ||||
| abstain | Total Seats: 0 |
| Random fact: Jelbic = "Group of cultures with an overall Central Asian/Eurasian steppe theme, using a fictional language developed specifically for Particracy". |
| Random quote: "The avoidance of taxes is the only intellectual pursuit that still carries any reward." - John Maynard Keynes |