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Bill: Income tax proposal of October 3682
Details
Submitted by[?]: The Red 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 3683
Description[?]:
| The The Red Party propose to adjust the government's income tax policy to better address the economic situation of the The Democratic Union of Endralon Collectives. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 10
Proposed: 30
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 1
Current: 18
Proposed: 0
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 END | 15% | 15,745,000,000 END |
| > 7,000 END | 22% | 23,351,000,000 END |
| > 10,000 END | 27% | 11,922,000,000 END |
| > 12,000 END | 36% | 15,367,000,000 END |
| > 15,000 END | 42% | 21,297,000,000 END |
| > 20,000 END | 50% | 10,955,000,000 END |
| > 24,000 END | 57% | 7,907,000,000 END |
| > 28,000 END | 66% | 9,656,000,000 END | Total | 116,200,000,000 END |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 750 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Information about the population of each country can be found on the Population Information thread: http://forum.particracy.net/viewtopic.php?f=5&t=8663 |
| Random quote: "Apparently, a democracy is a place where numerous elections are held at great cost without issues and with interchangeable candidates." - Gore Vidal |