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Bill: Income tax proposal of May 2670
Details
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: January 2671
Description[?]:
| A fair taxation system to ensure the landed classes are not penalised for being wealthy. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 10
Current: 5
Proposed: 20
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 17
Current: 10
Proposed: 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 |
| > 1,000 TRA | 33% | 51,253,000,000 TRA |
| > 4,000 TRA | 22% | 19,203,000,000 TRA |
| > 8,000 TRA | 11% | 4,666,000,000 TRA |
| > 16,000 TRA | 5% | 154,000,000 TRA | Total | 75,276,000,000 TRA |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 75 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 0 |
| Random fact: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "It will be years, not in my time, before a woman will become Prime Minister." - Margaret Thatcher |