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Bill: Income tax proposal of October 3736
Details
Submitted by[?]: Baltusian Communist Workers Party (BCWP)
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: June 3737
Description[?]:
| The Baltusian Communist Workers Party (BCWP) propose to adjust the government's income tax policy to better address the economic situation of the Republic 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 |
| > 100 BLD | 5% | 58,397,000,000 BLD |
| > 20,000 BLD | 30% | 156,693,000,000 BLD |
| > 30,000 BLD | 40% | 148,796,000,000 BLD |
| > 40,000 BLD | 50% | 137,303,000,000 BLD |
| > 50,000 BLD | 60% | 257,304,000,000 BLD |
| > 80,000 BLD | 70% | 58,356,000,000 BLD |
| > 100,000 BLD | 80% | 17,009,000,000 BLD |
| > 120,000 BLD | 90% | 34,885,000,000 BLD |
| > 200,000 BLD | 90% | 0 BLD | Total | 868,743,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 09:56:36, October 02, 2014 CET | From | Baltusian Communist Workers Party (BCWP) | To | Debating the Income tax proposal of October 3736 |
| Message | M. Speaker, Because we want to nationalize all companies and also the housing, we need more income. |
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Voting
| Vote | Seats | |
| yes | Total Seats: 270 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 165 |
| Random fact: Any RP law granting extraordinary "emergency powers" or dictator-like powers to a government must be passed by at least a 2/3rds majority, but (like all RP laws) may always be overturned by a simple majority vote of the legislature. |
| Random quote: "What are you trying to protect heterosexual marriages from? There isn't a limited amount of love in Iowa. It isn't a non-renewable resource. If Amy and Barbara or Mike and Steve love each other, it doesn't mean that John and Mary can't." - Ed Fallon |