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Bill: SPJ 0002: Economy I
Details
Submitted by[?]: Partidul Socialist / Socialist 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: October 3174
Description[?]:
| The Partidul Socialist / Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the Corporate Republic of Beiteynu. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 18
Proposed: 50
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 0
Current: 19
Proposed: 5
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 |
| > 1 BEI | 5% | 2,873,000,000 BEI |
| > 1,000 BEI | 5% | 11,504,000,000 BEI |
| > 5,000 BEI | 16% | 46,018,000,000 BEI |
| > 10,000 BEI | 20% | 498,602,000,000 BEI |
| > 100,000 BEI | 30% | 101,554,000,000 BEI | Total | 660,551,000,000 BEI |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 750 | |
| no | Total Seats: 0 | |
| abstain |
Total Seats: 0 |
| Random fact: Selucia is Particracy's modern take on Ancient Rome, located on the continent of Majatra. |
| Random quote: "A man who has no office to go to - I don't care who he is - is a trial of which you can have no conception." - George Bernard Shaw |