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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: 10
Proposed: 30
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 12
Current: 19
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% | 79,280,000,000 MRD |
| > 35,000 MRD | 25% | 152,861,000,000 MRD |
| > 50,000 MRD | 35% | 254,860,000,000 MRD |
| > 80,000 MRD | 50% | 302,294,000,000 MRD | Total | 789,295,000,000 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: Information about the population of each country can be found on the Population Information thread: http://forum.particracy.net/viewtopic.php?f=5&t=8663 |
| Random quote: "The superior man is distressed by the limitations of his ability; he is not distressed by the fact that men do not recognize the ability that he has." - Confucius |