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Bill: Tax Reform Act
Details
Submitted by[?]: Conservative 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: June 3427
Description[?]:
| A tax reform policy to better diversify revenue. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 5
Proposed: 5
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 35
Current: 10
Proposed: 25
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 |
| > 1,000 TRA | 2% | 2,246,000,000 TRA |
| > 3,000 TRA | 5% | 2,138,000,000 TRA |
| > 4,000 TRA | 6% | 1,984,000,000 TRA |
| > 5,000 TRA | 7% | 5,250,000,000 TRA |
| > 10,000 TRA | 10% | 1,120,000,000 TRA |
| > 12,000 TRA | 12% | 764,000,000 TRA |
| > 14,000 TRA | 15% | 577,000,000 TRA |
| > 16,000 TRA | 20% | 613,000,000 TRA | Total | 14,692,000,000 TRA |
Debate
These messages have been posted to debate on this bill:
| Date | 19:01:26, January 15, 2013 CET | From |  Партия сюрприз | To | Debating the Tax Reform Act |
| Message | If the essential goods tax is lowered to 3 we'll be happy to vote yes |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 119 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 81 |
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