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Bill: Economic Growth and Tax Relief Act of 3162
Details
Submitted by[?]: Urban Party of Rutania
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: December 3163
Description[?]:
| A plan to lower the income and corporation tax rate in order to spur economic growth. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 5
Current: 26
Proposed: 0
Article 2
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 |
| > 2,000 RUT | 10% | 9,781,000,000 RUT |
| > 4,000 RUT | 25% | 13,612,000,000 RUT |
| > 6,000 RUT | 38% | 11,483,000,000 RUT |
| > 8,000 RUT | 45% | 14,582,000,000 RUT | Total | 49,458,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 90 | |||
| no |
Total Seats: 456 | |||
| abstain | Total Seats: 53 |
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