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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% | 103,790,000,000 BEI |
| > 40,000 BEI | 40% | 100,770,000,000 BEI |
| > 50,000 BEI | 50% | 93,796,000,000 BEI |
| > 60,000 BEI | 60% | 100,170,000,000 BEI |
| > 70,000 BEI | 70% | 104,613,000,000 BEI |
| > 80,000 BEI | 80% | 103,934,000,000 BEI |
| > 90,000 BEI | 90% | 107,390,000,000 BEI |
| > 100,000 BEI | 99% | 334,303,000,000 BEI | Total | 1,048,766,000,000 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: By default the head of government is the ultimate authority within a national government. In general terms, heads of government are expected to consult with cabinet colleagues (including those from other parties) before making significant decisions but they remain responsible for government action. |
| Random quote: "Someone who wields power in name only can never compete with those who wield it through action." - Franz Reichert, former Luthorian politician |