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Bill: Elimination of the Budget Deficit
Details
Submitted by[?]: Ducal Delegation
Status[?]: defeated
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 2167
Description[?]:
| These tax proposals will eliminate the budget deficit Aldegar is currently running up. Percy Waterman (Personal Secretary to the Grand Duke of Hikirena) |
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 |
| > 2,000 ACR | 20% | 47,740,000,000 ACR |
| > 9,000 ACR | 35% | 19,347,000,000 ACR | Total | 67,087,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 128 | ||||
| no |
Total Seats: 292 | ||||
| abstain | Total Seats: 81 |
| Random fact: Particracy does not allow real-life brand names (eg. Coca Cola, McDonalds, Microsoft). However, in the case of military equipment brand names it is permitted to use simple number-letter combinations (eg. T-90 and F-22) borrowed from real life, and also simple generic names, like those of animals (eg. Leopard and Jaguar). |
| Random quote: "Patriotism is in political life what faith is in religion." - John Dalberg-Acton |