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Bill: Income tax proposal of December 2130
Details
Submitted by[?]: Majatran Socialist 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: August 2131
Description[?]:
| The Ba'ath Majatran Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the Sultanate of Al'Badara. This will be the final tax increase, after this we shall re-adjust public spending which, depending upon the results, may result in taxes being dropped. For now, however, this is necessary to overcome the deficit we currently suffer. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 40
Proposed: 30
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 |
| > 2,657 BDR | 1% | 1,520,000,000 BDR |
| > 5,314 BDR | 8% | 36,479,000,000 BDR |
| > 13,286 BDR | 12% | 91,187,000,000 BDR |
| > 26,571 BDR | 20% | 292,958,000,000 BDR |
| > 53,143 BDR | 30% | 549,302,000,000 BDR |
| > 106,285 BDR | 40% | 364,625,000,000 BDR |
| > 199,999 BDR | 50% | 49,415,000,000 BDR | Total | 1,385,486,000,000 BDR |
Debate
These messages have been posted to debate on this bill:
| Date | 20:19:42, October 26, 2005 CET | From | Nacional Unionist Badaran Arbeits Partei | To | Debating the Income tax proposal of December 2130 |
| Message | This is quite clearly ridiculous, where did the ideas of choice and freedom go. You will strangle bussines! |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 431 | ||||
| no | Total Seats: 157 | ||||
| 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 fanatic is one who can't change his mind and won't change the subject." - Winston Churchill |