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Bill: Income tax proposal of June 3620
Details
Submitted by[?]: Sosialistiese Eenheid en Werkers 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: February 3621
Description[?]:
| The Sosialistiese Eenheid en Werkers Party propose to adjust the government's income tax policy to better address the economic situation of the Koninkryk van Seridjan (Saridan). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 40
Proposed: 85
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 15
Current: 0
Proposed: 20
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 21
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 SAD | 10% | 50,913,000,000 SAD |
| > 20,000 SAD | 15% | 44,025,000,000 SAD |
| > 30,000 SAD | 20% | 32,501,000,000 SAD |
| > 40,000 SAD | 25% | 27,798,000,000 SAD |
| > 50,000 SAD | 30% | 16,014,000,000 SAD |
| > 60,000 SAD | 35% | 8,807,000,000 SAD |
| > 70,000 SAD | 40% | 4,546,000,000 SAD |
| > 80,000 SAD | 45% | 1,765,000,000 SAD |
| > 90,000 SAD | 50% | 0 SAD | Total | 186,369,000,000 SAD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 100 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Did you know you can change the official name of your nation? All you need to do is draw up a new name that is in accordance with the Nation Renaming Guide, pass a bill proposing the name change with a two-thirds majority and then post a request to Moderation on the "Renaming Requests" thread. You can change city and region names in this way too. |
| Random quote: "Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom." - Friedrich Hayek |