We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Realistic Government Income Tax Bracket Option 2 (4t SOL)
Details
Submitted by[?]: Conservative Party of Solentia
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 2952
Description[?]:
| The Conservative Party of Solentia propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Solentia. OOC: With sales and corporate tax increases, this would yield a budget of 3,854,108,860,558 SOL, which is 21.5% of GDP. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 12
Current: 0
Proposed: 36
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 6
Current: 0
Proposed: 9
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 |
| > 8,000 SOL | 8% | 9,042,000,000 SOL |
| > 10,000 SOL | 9% | 25,430,000,000 SOL |
| > 15,000 SOL | 10% | 16,952,000,000 SOL |
| > 18,000 SOL | 13% | 21,032,000,000 SOL |
| > 21,000 SOL | 17% | 31,696,000,000 SOL |
| > 25,000 SOL | 18% | 148,705,000,000 SOL |
| > 50,000 SOL | 23% | 89,607,000,000 SOL |
| > 75,000 SOL | 28% | 69,992,000,000 SOL |
| > 100,000 SOL | 30% | 28,199,000,000 SOL |
| > 120,000 SOL | 33% | 16,257,000,000 SOL |
| > 140,000 SOL | 35% | 1,715,000,000 SOL | Total | 458,627,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 17:53:56, June 09, 2010 CET | From |  Federal Independent Party | To | Debating the Realistic Government Income Tax Bracket Option 2 (4t SOL) |
| Message | As the more realistic of two tax overhauls, we offer our support to this proposal. Senator Louis Cordrair |
| Date | 18:02:57, June 09, 2010 CET | From | Conservative Party of Solentia | To | Debating the Realistic Government Income Tax Bracket Option 2 (4t SOL) |
| Message | OOC: Please vote 'yes' for one and 'no' for the other. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||||
| yes |
Total Seats: 62 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 35 |
| 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: "He who wishes to be obeyed must know how to command." - Niccolo Machiavelli |