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Bill: Income tax proposal of February 3726
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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: October 3726
Description[?]:
| The Dark-Light Liberal Communist Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Worker's Kingdom of Baltusia. |
Proposals
Article 1
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 | 1% | 587,000,000 BLD |
| > 1,000 BLD | 3% | 2,116,000,000 BLD |
| > 2,200 BLD | 5% | 3,820,000,000 BLD |
| > 3,500 BLD | 7% | 5,348,000,000 BLD |
| > 4,800 BLD | 9% | 7,406,000,000 BLD |
| > 6,200 BLD | 11% | 7,758,000,000 BLD |
| > 7,400 BLD | 13% | 12,225,000,000 BLD |
| > 9,000 BLD | 15% | 17,632,000,000 BLD |
| > 11,000 BLD | 18% | 26,448,000,000 BLD |
| > 13,500 BLD | 21% | 30,856,000,000 BLD |
| > 16,000 BLD | 24% | 42,317,000,000 BLD |
| > 19,000 BLD | 27% | 62,236,000,000 BLD |
| > 23,000 BLD | 30% | 62,949,000,000 BLD |
| > 27,000 BLD | 33% | 74,331,000,000 BLD |
| > 32,000 BLD | 36% | 79,904,000,000 BLD |
| > 38,000 BLD | 40% | 87,237,000,000 BLD |
| > 45,000 BLD | 44% | 84,880,000,000 BLD |
| > 53,000 BLD | 48% | 74,826,000,000 BLD |
| > 61,000 BLD | 52% | 62,049,000,000 BLD |
| > 70,000 BLD | 56% | 51,177,000,000 BLD |
| > 81,000 BLD | 60% | 32,733,000,000 BLD |
| > 92,000 BLD | 64% | 20,114,000,000 BLD |
| > 105,000 BLD | 68% | 8,379,000,000 BLD |
| > 120,000 BLD | 73% | 8,771,000,000 BLD |
| > 140,000 BLD | 79% | 9,492,000,000 BLD |
| > 160,000 BLD | 85% | 10,213,000,000 BLD |
| > 180,000 BLD | 99% | 2,760,000,000 BLD | Total | 888,564,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 23:58:05, September 10, 2014 CET | From | Government of Tropica | To | Debating the Income tax proposal of February 3726 |
| Message | Senor President., Inequality are not very high in a nation like Baltusia, I propose we move with a flat taxes,, since very people in our nation are very rich, in comparaison to others, I would suggest a 50% flat taxes or 40% that would boost Baltusia Budget and we would not even need the luxury taxes anymores. I cannot accept this bill, like any others, I understand our laws where deleted, but I believe we should put a flat taxes, Poors don't need a lot of money because we take care of them, then we could increase the government spending. Leia Marquez |
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Voting
| Vote | Seats | |
| yes |
Total Seats: 750 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: If there are no parties in your nation with seats, feel free to visit the forum and request an early election on the Early Election Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4362 |
| Random quote: "It is the mark of an educated mind to be able to entertain a thought without accepting it." - Aristotle |