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Bill: Income tax proposal of May 2585
Details
Submitted by[?]: Judicial Union 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: July 2586
Description[?]:
| The Judicial Union Party propose to adjust the government's income tax policy to better address the economic situation of the United Tribes of Tukarali. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 27
Proposed: 20
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 TUK | 20% | 305,539,000,000 TUK |
| > 90,000 TUK | 33% | 378,778,000,000 TUK |
| > 120,000 TUK | 45% | 1,460,313,000,000 TUK | Total | 2,144,630,000,000 TUK |
Debate
These messages have been posted to debate on this bill:
| Date | 00:44:11, June 02, 2008 CET | From | Judicial Union Party | To | Debating the Income tax proposal of May 2585 |
| Message | The increase in luxury tax has damaged the economy. We must reduce it, and increase income tax to make up the difference. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 415 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 85 |
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