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Bill: Income tax proposal of February 3599
Details
Submitted by[?]: Nasionale Patriotiese Party
Status[?]: defeated
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 3600
Description[?]:
| The Nasionale Duntrekker Patriotiese Front propose to adjust the government's income tax policy to better address the economic situation of the Koninkryk van Seridjan (Saridan). With the increase in income, we can spend more money on our military and finances. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 10
Proposed: 5
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 5
Proposed: 10
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 0
Current: 21
Proposed: 5
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 SAD | 40% | 321,239,000,000 SAD |
| > 30,000 SAD | 30% | 82,172,000,000 SAD |
| > 50,000 SAD | 20% | 15,706,000,000 SAD |
| > 70,000 SAD | 10% | 1,528,000,000 SAD | Total | 420,645,000,000 SAD |
Debate
These messages have been posted to debate on this bill:
| Date | 14:28:30, January 01, 2014 CET | From |  Kommunistiese Party van Seridjan | To | Debating the Income tax proposal of February 3599 |
| Message | Regressive taxation will lead to poverty, increased suicide rates, economic stagnation, and recession. |
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Voting
| Vote | Seats | |
| yes | Total Seats: 11 | |
| no | Total Seats: 47 | |
| abstain | Total Seats: 42 |
| Random fact: Real-life organisations should not be referenced in Particracy, unless they are simple and generic (eg. "National Organisation for Women" is allowed). |
| Random quote: "Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius, and a lot of courage, to move in the opposite direction." - Albert Einstein |