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Bill: Bill F-64: New Dominion Tax Plan
Details
Submitted by[?]: Jelbanian Democratic 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: September 3372
Description[?]:
| The Freedom Party propose to adjust the government's income tax policy to better address the economic situation of the Dominion Federation of Jelbania. The voting on this Bill will occur Janurary 3372 |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 0
Proposed: 15
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 10
Current: 18
Proposed: 5
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 19
Proposed: 15
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 |
| > 5,000 JEL | 5% | 14,310,000,000 JEL |
| > 10,000 JEL | 10% | 57,238,000,000 JEL |
| > 20,000 JEL | 15% | 118,967,000,000 JEL |
| > 35,000 JEL | 20% | 110,987,000,000 JEL |
| > 55,000 JEL | 25% | 115,415,000,000 JEL |
| > 80,000 JEL | 30% | 95,779,000,000 JEL |
| > 110,000 JEL | 35% | 70,358,000,000 JEL |
| > 145,000 JEL | 40% | 34,618,000,000 JEL | Total | 617,672,000,000 JEL |
Debate
These messages have been posted to debate on this bill:
| Date | 16:18:28, September 27, 2012 CET | From |  Jelbanian Democratic Party | To | Debating the Bill F-64: New Dominion Tax Plan |
| Message | This new Taxation plan will maintain government revenue and significantly more fair to our citizens, allowing our poorer citizens to keep more of their money while the rich must pay a little extra to represent their share of society. The Taxes rates on Essential and Luxury Goods will be cut as the War Credits are no longer nesscessary thanks to a decade a peace between our glorious Dominion and the Federation of Zardugal. The Corporate tax rate will also be slightly decreased to increase our competivness while still maintaining government revenue. We open the floor to any discussion on this Bill. Jeff Staple Minister of Finance Co-Signed Catherine MacInnis Chief Minister of the Dominion Parliament |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 335 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 0 |
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