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Bill: Income tax proposal of September 3126
Details
Submitted by[?]: Preservative 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: May 3127
Description[?]:
The Preservative Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Vorona. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 9
Current: 45
Proposed: 25
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 8
Current: 5
Proposed: 3
Article 3
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government subsidizes private enterprises that face bankruptcy.
Current: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
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 DNT | 5% | 0 DNT |
> 10,000 DNT | 10% | 0 DNT |
> 30,000 DNT | 15% | 0 DNT |
> 80,000 DNT | 20% | 0 DNT |
> 150,000 DNT | 25% | 0 DNT |
> 350,000 DNT | 30% | 0 DNT | Total | 0 DNT |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes |
Total Seats: 691 | ||
no | Total Seats: 0 | ||
abstain |
Total Seats: 0 |
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