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Bill: Income tax proposal of September 3718
Details
Submitted by[?]: Government of Tropica
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: March 3721
Description[?]:
| The Dark-Light Liberal Communist Party propose to adjust the government's income tax policy to better address the economic situation of the Republica Obrera de Baltusia (Workers' Republic of Baltusia). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 50
Current: 0
Proposed: 0
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 7
Current: 0
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 22
Current: 0
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 |
| > 1 BLD | 8% | 9,400,000,000 BLD |
| > 2,000 BLD | 11% | 19,396,000,000 BLD |
| > 5,000 BLD | 15% | 52,899,000,000 BLD |
| > 11,000 BLD | 19% | 67,006,000,000 BLD |
| > 17,000 BLD | 24% | 109,643,000,000 BLD |
| > 25,000 BLD | 29% | 149,092,000,000 BLD |
| > 37,000 BLD | 35% | 155,892,000,000 BLD |
| > 53,000 BLD | 41% | 103,221,000,000 BLD |
| > 68,000 BLD | 48% | 61,079,000,000 BLD |
| > 83,000 BLD | 55% | 35,705,000,000 BLD |
| > 100,000 BLD | 63% | 13,438,000,000 BLD |
| > 120,000 BLD | 72% | 12,988,000,000 BLD |
| > 150,000 BLD | 81% | 14,611,000,000 BLD |
| > 180,000 BLD | 99% | 2,763,000,000 BLD | Total | 807,133,000,000 BLD |
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: Discuss flag designs at the Flag Designs thread: http://forum.particracy.net/viewtopic.php?f=5&t=37 |
| Random quote: "The communist revolution is the most radical rupture with traditional property relations; no wonder that its development involves the most radical rupture with traditional ideas." - Karl Marx |