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Bill: Income tax proposal of April 3727
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: March 3728
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 | 5% | 2,939,000,000 BLD |
| > 1,000 BLD | 7% | 4,943,000,000 BLD |
| > 2,200 BLD | 9% | 6,885,000,000 BLD |
| > 3,500 BLD | 11% | 8,414,000,000 BLD |
| > 4,800 BLD | 13% | 10,709,000,000 BLD |
| > 6,200 BLD | 15% | 10,592,000,000 BLD |
| > 7,400 BLD | 17% | 16,005,000,000 BLD |
| > 9,000 BLD | 19% | 22,360,000,000 BLD |
| > 11,000 BLD | 22% | 32,363,000,000 BLD |
| > 13,500 BLD | 25% | 36,777,000,000 BLD |
| > 16,000 BLD | 28% | 49,428,000,000 BLD |
| > 19,000 BLD | 31% | 71,539,000,000 BLD |
| > 23,000 BLD | 34% | 71,419,000,000 BLD |
| > 27,000 BLD | 37% | 83,421,000,000 BLD |
| > 32,000 BLD | 40% | 88,862,000,000 BLD |
| > 38,000 BLD | 44% | 96,055,000,000 BLD |
| > 45,000 BLD | 48% | 92,710,000,000 BLD |
| > 53,000 BLD | 52% | 81,167,000,000 BLD |
| > 61,000 BLD | 56% | 66,912,000,000 BLD |
| > 70,000 BLD | 60% | 54,891,000,000 BLD |
| > 81,000 BLD | 64% | 34,950,000,000 BLD |
| > 92,000 BLD | 68% | 21,401,000,000 BLD |
| > 105,000 BLD | 72% | 8,880,000,000 BLD |
| > 120,000 BLD | 77% | 9,255,000,000 BLD |
| > 140,000 BLD | 83% | 9,976,000,000 BLD |
| > 160,000 BLD | 89% | 10,697,000,000 BLD |
| > 180,000 BLD | 99% | 2,761,000,000 BLD | Total | 1,006,311,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 06:50:13, September 13, 2014 CET | From | Government of Tropica | To | Debating the Income tax proposal of April 3727 |
| Message | As minister of Finance, I believe we set out taxes a little too low only, and propose a increase of 4% in all brackets, the gola is to give as much as 200 000 000 BLD to the state to spend in more effecient way, While Keeping around 20 000 000 BLD surplus to use for the renovation of the Football stadium, in preparation for the World Cup. Zio Solares, Minister of Finance |
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Voting
| Vote | Seats | |
| yes |
Total Seats: 522 | |
| 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: "Oh, judge, your damn laws: the good people don't need them and the bad people don't follow them so what good are they?" - Ammon Hennacy |