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Bill: Income tax proposal of September 2980
Details
Submitted by[?]: Hutori Reformists
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: May 2981
Description[?]:
The Republican Revolutionary Forum propose to adjust the government's income tax policy to better address the economic situation of the Most Excellent and Serene Kingdom of Hutori. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 9
Proposed: 20
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 3
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 8
Current: 27
Proposed: 15
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 |
> 3,000 HLR | 5% | 11,383,000,000 HLR |
> 7,000 HLR | 8% | 27,320,000,000 HLR |
> 13,000 HLR | 10% | 28,301,000,000 HLR |
> 18,000 HLR | 13% | 25,689,000,000 HLR |
> 22,000 HLR | 15% | 45,668,000,000 HLR |
> 30,000 HLR | 18% | 48,397,000,000 HLR |
> 40,000 HLR | 20% | 37,671,000,000 HLR |
> 50,000 HLR | 22% | 87,861,000,000 HLR | Total | 312,290,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes |
Total Seats: 391 | ||
no | Total Seats: 0 | ||
abstain |
Total Seats: 0 |
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