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Bill: Modernized Taxation Act of July 3779
Details
Submitted by[?]: Buchan Loyalist 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: March 3780
Description[?]:
| The Buchan Loyalist Party propose to adjust the government's income tax and corporation tax policy to better address the economic situation of the United Commonwealth of Talmoria and Aslistan. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 10
Proposed: 30
Article 2
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 |
| > 1,000 TAL | 8% | 0 TAL |
| > 10,000 TAL | 10% | 0 TAL |
| > 15,000 TAL | 10% | 0 TAL |
| > 50,000 TAL | 12% | 0 TAL |
| > 100,000 TAL | 22% | 0 TAL |
| > 1,000,000 TAL | 28% | 0 TAL |
| > 5,000,000 TAL | 33% | 0 TAL |
| > 10,000,000 TAL | 38% | 0 TAL | Total | 0 TAL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 500 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: To see what other nations are up to and to actively involve yourself in international activities: check the Roleplaying section on the forum! Don't be shy to make a news post about your party's recent achievements. |
| Random quote: "I worked at a factory owned by Germans, at coal pits owned by Frenchmen, and at a chemical plant owned by Belgians. There I discovered something about capitalists. They are all alike, whatever the nationality. All they wanted from me was the most work for the least money that kept me alive. So I became a communist." - Nikita Khrushchev |