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Bill: Income tax proposal of September 2726
Details
Submitted by[?]: Free Liberal Party
Status[?]: defeated
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: November 2727
Description[?]:
| The Social Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the United Kingdom of Beluzia and Bailon. We are currently losing 12,938,575,927,913 BEL per year. This new income tax system would equal a 152,377,104,000 increase in profits from income tax. |
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 |
| > 10,000 BEL | 10% | 40,065,000,000 BEL |
| > 20,000 BEL | 20% | 32,777,000,000 BEL |
| > 30,000 BEL | 30% | 19,196,000,000 BEL |
| > 40,000 BEL | 40% | 11,959,000,000 BEL |
| > 50,000 BEL | 50% | 5,890,000,000 BEL | Total | 109,887,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 321 | |||
| no |
Total Seats: 378 | |||
| abstain |
Total Seats: 0 |
| Random fact: Particracy does not allow real-life brand names (eg. Coca Cola, McDonalds, Microsoft). However, in the case of military equipment brand names it is permitted to use simple number-letter combinations (eg. T-90 and F-22) borrowed from real life, and also simple generic names, like those of animals (eg. Leopard and Jaguar). |
| Random quote: "A son can bear with equanimity the loss of his father, but the loss of his inheritance may drive him to despair." - Niccolo Machiavelli |