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Bill: Income tax proposal of May 2978
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: January 2979
Description[?]:
| The New Liberty Party 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:: 40
Current: 40
Proposed: 0
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 50
Current: 2
Proposed: 1
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 7
Proposed: 2
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% | 14,322,000,000 CDC |
| > 5,000 CDC | 10% | 28,650,000,000 CDC |
| > 10,000 CDC | 25% | 71,625,000,000 CDC |
| > 15,000 CDC | 50% | 140,926,000,000 CDC |
| > 20,000 CDC | 75% | 186,351,000,000 CDC |
| > 25,000 CDC | 85% | 187,637,000,000 CDC |
| > 30,000 CDC | 95% | 997,039,000,000 CDC | Total | 1,626,550,000,000 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: 750 | |
| abstain | Total Seats: 0 |
| Random fact: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "Rarely is the question asked: is our children learning?" - George W. Bush |