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Bill: Emergency Tax Bill - Summer 3298
Details
Submitted by[?]: Beluz Democratic Karavist 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: February 3299
Description[?]:
| A factory closed in Negunia. Revenue from corporation tax reduced. Thousands of jobs were lost, reducing revenue from income tax, and stressing the welfare system. We now suffer 104,000,000 BEL debt. This can be fixed if we raise taxes. We will increase spending eventually, as well, to ensure Trade and Industry flourishes. |
Proposals
Article 1
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 |
| > 2,500 BEL | 10% | 14,126,000,000 BEL |
| > 5,000 BEL | 12% | 16,951,000,000 BEL |
| > 7,500 BEL | 14% | 19,596,000,000 BEL |
| > 10,000 BEL | 16% | 20,329,000,000 BEL |
| > 12,500 BEL | 18% | 20,170,000,000 BEL |
| > 15,000 BEL | 20% | 18,138,000,000 BEL |
| > 17,500 BEL | 22% | 15,779,000,000 BEL |
| > 20,000 BEL | 24% | 13,696,000,000 BEL |
| > 22,500 BEL | 26% | 11,921,000,000 BEL |
| > 25,000 BEL | 28% | 9,558,000,000 BEL |
| > 27,500 BEL | 30% | 8,146,000,000 BEL |
| > 30,000 BEL | 32% | 7,314,000,000 BEL |
| > 32,500 BEL | 34% | 6,269,000,000 BEL |
| > 35,000 BEL | 36% | 4,626,000,000 BEL |
| > 37,500 BEL | 38% | 3,792,000,000 BEL |
| > 40,000 BEL | 40% | 3,631,000,000 BEL |
| > 42,500 BEL | 42% | 3,407,000,000 BEL |
| > 45,000 BEL | 44% | 3,116,000,000 BEL |
| > 47,500 BEL | 46% | 2,622,000,000 BEL |
| > 50,000 BEL | 48% | 2,426,000,000 BEL |
| > 52,500 BEL | 50% | 1,478,000,000 BEL |
| > 55,000 BEL | 52% | 940,000,000 BEL |
| > 57,500 BEL | 54% | 753,000,000 BEL |
| > 60,000 BEL | 56% | 334,000,000 BEL |
| > 62,500 BEL | 58% | 0 BEL |
| > 65,000 BEL | 60% | 0 BEL | Total | 209,118,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 83 | ||||
| no |
Total Seats: 16 | ||||
| abstain |
Total Seats: 0 |
| Random fact: Moderation will not approve a Cultural Protocol request within the first 48 hours of it being requested. This is in order to give other players a chance to query the proposed changes, if they wish to do so. Moderation may be approached for advice on a proposed change, but any advice proffered should always be understood under the provisio that no final decision will be made until at least 48 hours after the request has been formally submitted for approval. |
| Random quote: "The difference between a republic and a people's republic is a lot like the difference between a jacket and a straightjacket." - Ronald Reagan |