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Bill: Income tax proposal of July 3806
Details
Submitted by[?]: Republican People's 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 3807
Description[?]:
| The Republican People's Party propose to adjust the government's income tax policy to better address the economic situation of the Seventh Aldegar Republic. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 40
Current: 30
Proposed: 30
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 12
Current: 50
Proposed: 10
Article 3
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 ACR | 5% | 6,929,000,000 ACR |
| > 3,500 ACR | 25% | 52,387,000,000 ACR |
| > 18,000 ACR | 1% | 21,000,000 ACR | Total | 59,337,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 341 | |
| no | Total Seats: 308 | |
| abstain | Total Seats: 0 |
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