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Bill: Income tax proposal of April 2120
Details
Submitted by[?]: Union for a Responsible Republic
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: December 2120
Description[?]:
| The Independent Progressives propose to adjust the government's income tax policy to better address the economic situation of the Cildanian Republic. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 0
Proposed: 17.5
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 10
Current: 10
Proposed: 8.5
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 |
| > 2,500 CDC | 5% | 14,347,000,000 CDC |
| > 7,500 CDC | 15% | 106,904,000,000 CDC |
| > 20,000 CDC | 17% | 34,033,000,000 CDC |
| > 23,960 CDC | 25% | 185,581,000,000 CDC |
| > 47,920 CDC | 37% | 71,828,000,000 CDC |
| > 60,000 CDC | 43% | 165,473,000,000 CDC | Total | 578,166,000,000 CDC |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 191 | |||
| no |
Total Seats: 160 | |||
| abstain | Total Seats: 0 |
| Random fact: By default the head of government is the ultimate authority within a national government. In general terms, heads of government are expected to consult with cabinet colleagues (including those from other parties) before making significant decisions but they remain responsible for government action. |
| Random quote: "The right to suffer is one of the joys of a free economy." - Howard Pyle (commenting on unemployment in Detroit) |