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Bill: Tax Reform - Late 3360's
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 not pass any sooner than the deadline.
Voting deadline: July 3369
Description[?]:
| Albert Henson's Tax System - revised for the current economic situation. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 9
Current: 10
Proposed: 10
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 10
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 10
Proposed: 50
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 |
| > 10,000 BEL | 30% | 38,101,000,000 BEL |
| > 12,500 BEL | 31% | 34,722,000,000 BEL |
| > 15,000 BEL | 32% | 29,008,000,000 BEL |
| > 17,500 BEL | 33% | 23,660,000,000 BEL |
| > 20,000 BEL | 34% | 19,395,000,000 BEL |
| > 22,500 BEL | 35% | 16,042,000,000 BEL |
| > 25,000 BEL | 36% | 12,286,000,000 BEL |
| > 27,500 BEL | 37% | 10,045,000,000 BEL |
| > 30,000 BEL | 38% | 8,684,000,000 BEL |
| > 32,500 BEL | 39% | 7,191,000,000 BEL |
| > 35,000 BEL | 40% | 5,142,000,000 BEL |
| > 37,500 BEL | 41% | 4,093,000,000 BEL |
| > 40,000 BEL | 42% | 3,814,000,000 BEL |
| > 42,500 BEL | 43% | 3,489,000,000 BEL |
| > 45,000 BEL | 44% | 3,117,000,000 BEL |
| > 47,500 BEL | 45% | 2,566,000,000 BEL |
| > 50,000 BEL | 46% | 2,326,000,000 BEL |
| > 52,500 BEL | 47% | 1,389,000,000 BEL |
| > 55,000 BEL | 48% | 868,000,000 BEL |
| > 57,500 BEL | 49% | 684,000,000 BEL |
| > 60,000 BEL | 50% | 298,000,000 BEL | Total | 226,920,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 56 | ||
| no | Total Seats: 43 | ||
| abstain | Total Seats: 0 |
| Random fact: For more information on Particracy's former colonial nations, check out http://forum.particracy.net/viewtopic.php?f=5&t=6640 |
| Random quote: "Every month we do not have an economic recovery package, 500 million Americans lose their jobs." - Nancy Pelosi |