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Bill: Tax Reform Act
Details
Submitted by[?]: Berosian 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 2641
Description[?]:
| We believe the time has come for the Spenocrat's tax shift bill to begin to become law. This cannot happen all at once, or the economic effects would be uncontrollable and potentially disastrous. We give full credit to the Spenocrats for this bill, and look forward to working with them in the future. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 15
Proposed: 5
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 1
Current: 3
Proposed: 15
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 1
Current: 12
Proposed: 15
Article 4
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 |
| > 1 LIK | 9% | 85,199,000,000 LIK | Total | 85,199,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||||
| yes |
Total Seats: 374 | |||||
| no | Total Seats: 0 | |||||
| abstain | Total Seats: 292 |
| 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: "If Lincoln were alive today, he’d be turning over in his grave." - Gerald Ford |