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Bill: Income tax proposal of March 3480
Details
Submitted by[?]: Stanton House
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: November 3480
Description[?]:
| The Stanton House propose to adjust the government's income tax policy to better address the economic situation of the Sovereign Union of Beluz Counties (Beluzia). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 15
Proposed: 20
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 2
Proposed: 7
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 |
| > 5,000 BEL | 12% | 16,938,000,000 BEL |
| > 7,500 BEL | 14% | 19,580,000,000 BEL |
| > 10,000 BEL | 16% | 20,311,000,000 BEL |
| > 12,500 BEL | 18% | 20,149,000,000 BEL |
| > 15,000 BEL | 20% | 18,119,000,000 BEL |
| > 17,500 BEL | 22% | 15,766,000,000 BEL |
| > 20,000 BEL | 24% | 13,686,000,000 BEL |
| > 22,500 BEL | 26% | 11,911,000,000 BEL |
| > 25,000 BEL | 28% | 9,554,000,000 BEL |
| > 27,500 BEL | 30% | 8,145,000,000 BEL |
| > 30,000 BEL | 32% | 7,316,000,000 BEL |
| > 32,500 BEL | 34% | 6,275,000,000 BEL |
| > 35,000 BEL | 36% | 4,635,000,000 BEL |
| > 37,500 BEL | 38% | 3,801,000,000 BEL |
| > 40,000 BEL | 40% | 3,640,000,000 BEL |
| > 42,500 BEL | 42% | 3,415,000,000 BEL |
| > 45,000 BEL | 44% | 3,124,000,000 BEL |
| > 47,500 BEL | 46% | 2,629,000,000 BEL |
| > 50,000 BEL | 48% | 2,432,000,000 BEL |
| > 52,500 BEL | 50% | 1,482,000,000 BEL |
| > 55,000 BEL | 52% | 943,000,000 BEL |
| > 57,500 BEL | 54% | 755,000,000 BEL |
| > 60,000 BEL | 56% | 335,000,000 BEL |
| > 62,500 BEL | 58% | 0 BEL |
| > 65,000 BEL | 60% | 0 BEL | Total | 194,941,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 99 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
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