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Bill: Tax proposal of July 2887
Details
Submitted by[?]: New Liberty 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 not pass any sooner than the deadline.
Voting deadline: April 2888
Description[?]:
The Liberty Party propose to adjust the government's tax policy to better address the economic situation of the Cildanian Republic. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 18
Current: 40
Proposed: 0
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 3
Current: 2
Proposed: 0
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 |
> 25,000 CDC | 5% | 36,521,000,000 CDC |
> 50,000 CDC | 15% | 48,362,000,000 CDC |
> 75,000 CDC | 25% | 41,916,000,000 CDC |
> 100,000 CDC | 35% | 18,434,000,000 CDC | Total | 145,233,000,000 CDC |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes | Total Seats: 0 | |
no | Total Seats: 0 | |
abstain |
Total Seats: 101 |
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