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Bill: Small Tax Breaks
Details
Submitted by[?]: Reform 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: January 2667
Description[?]:
The Reform Party propose to adjust the government's income tax policy to better address the economic situation of the Vanuku Federation. |
Proposals
Article 1
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 |
> 7,000 VAN | 2% | 3,497,000,000 VAN |
> 10,000 VAN | 7% | 13,597,000,000 VAN |
> 13,333 VAN | 10% | 27,198,000,000 VAN |
> 18,000 VAN | 14% | 57,112,000,000 VAN |
> 25,000 VAN | 18% | 39,146,000,000 VAN |
> 30,000 VAN | 33% | 365,215,000,000 VAN | Total | 505,765,000,000 VAN |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes | Total Seats: 84 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 31 |
Random fact: Particracy does not allow real-life fictional references (eg. Gandalf, Harry Potter, Luke Skywalker). |
Random quote: "The payment of taxes gives a right to protection." - James M. Wayne |