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Bill: Income tax proposal of January 2975
Details
Submitted by[?]: New Liberty 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: September 2975
Description[?]:
| The Union of the People propose to adjust the government's income 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:: 0
Current: 0
Proposed: 40
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 10
Proposed: 50
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 0
Current: 26
Proposed: 50
Article 4
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 |
| > 1 CDC | 5% | 14,344,000,000 CDC |
| > 5,000 CDC | 10% | 28,694,000,000 CDC |
| > 10,000 CDC | 25% | 71,735,000,000 CDC |
| > 15,000 CDC | 50% | 141,142,000,000 CDC |
| > 20,000 CDC | 75% | 186,652,000,000 CDC |
| > 25,000 CDC | 85% | 187,958,000,000 CDC |
| > 30,000 CDC | 95% | 998,894,000,000 CDC | Total | 1,629,419,000,000 CDC |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 750 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Parties have the ability to endorse another party's candidate for the Head of State election (if there is one). This adds a strategic element to the elections. |
| Random quote: "Those who are too smart to engage in politics are punished by being governed by those who are dumber." - Plato |