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Bill: Income tax proposal of December 2586
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: August 2588
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:: 20
Current: 30
Proposed: 18
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% | 164,624,000,000 TUK |
| > 75,000 TUK | 30% | 212,165,000,000 TUK |
| > 90,000 TUK | 35% | 285,149,000,000 TUK |
| > 110,000 TUK | 42% | 1,506,801,000,000 TUK | Total | 2,168,739,000,000 TUK |
Debate
These messages have been posted to debate on this bill:
| Date | 05:25:26, June 05, 2008 CET | From |  Judicial Union Party | To | Debating the Income tax proposal of December 2586 |
| Message | We propose to adjust the taxation scheme to reduce the top tax bracket. 45% is rather high, and we wish to take steps to reduce it further. The current economic outlook is not strong, and we believe a tax cut will help spur the spenders into action, to alleviate these risks. |
| Date | 05:26:29, June 05, 2008 CET | From | Judicial Union Party | To | Debating the Income tax proposal of December 2586 |
| Message | In addition, we propose to decrease the luxury tax rate slightly, to similarly increase consumption spending. |
| Date | 22:45:53, June 07, 2008 CET | From | Greenish Liberal Democratic Socialists | To | Debating the Income tax proposal of December 2586 |
| Message | Overwhelming support |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 500 | ||||||
| no | Total Seats: 0 | ||||||
| abstain | Total Seats: 0 |
| Random fact: Moderation will not approve a Cultural Protocol request within the first 48 hours of it being requested. This is in order to give other players a chance to query the proposed changes, if they wish to do so. Moderation may be approached for advice on a proposed change, but any advice proffered should always be understood under the provisio that no final decision will be made until at least 48 hours after the request has been formally submitted for approval. |
| Random quote: "Hence it comes about that all armed Prophets have been victorious, and all unarmed Prophets have been destroyed." - Niccolo Machiavelli |