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Bill: Income tax proposal of September 2673
Details
Submitted by[?]: national labor 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: May 2674
Description[?]:
| The conservitive party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Cobura. this will provide funding for the 267 billion dollar increase in military spending. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 25
Proposed: 34
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 |
| > 4,500 COB | 13% | 20,819,000,000 COB |
| > 8,000 COB | 13% | 12,797,000,000 COB |
| > 12,000 COB | 10% | 2,713,000,000 COB |
| > 14,000 COB | 20% | 6,371,000,000 COB |
| > 18,000 COB | 20% | 3,806,000,000 COB |
| > 25,000 COB | 29% | 1,091,000,000 COB |
| > 30,000 COB | 34% | 779,000,000 COB |
| > 34,000 COB | 45% | 631,000,000 COB | Total | 49,007,000,000 COB |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 273 | ||||
| no |
Total Seats: 74 | ||||
| abstain | Total Seats: 153 |
| Random fact: Particracy is set in the fictional world of Terra, which mirrors the real world of today and yet is not quite like it. |
| Random quote: "Laws are like sausages, it is better not to see them being made" - Otto von Bismark |