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Bill: Income tax proposal of November 3101
Details
Submitted by[?]: Communist Freedom Party (LL)
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: November 3102
Description[?]:
| The Communist Freedom Party (LL) propose to adjust the government's income tax policy to better address the economic situation of the Holy Monarchy of Beiteynu. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 4
Current: 18
Proposed: 0
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 19
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 |
| > 30,000 BEI | 30% | 103,809,000,000 BEI |
| > 40,000 BEI | 40% | 100,786,000,000 BEI |
| > 50,000 BEI | 50% | 93,822,000,000 BEI |
| > 60,000 BEI | 60% | 100,202,000,000 BEI |
| > 70,000 BEI | 70% | 104,683,000,000 BEI |
| > 80,000 BEI | 80% | 103,973,000,000 BEI |
| > 90,000 BEI | 90% | 107,463,000,000 BEI |
| > 100,000 BEI | 99% | 334,536,000,000 BEI | Total | 1,049,274,000,000 BEI |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 500 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: For more information on Particracy's former colonial nations, check out http://forum.particracy.net/viewtopic.php?f=5&t=6640 |
| Random quote: "Our liberty depends on the freedom of the press, and that cannot be limited without being lost." - Thomas Jefferson |