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Bill: Proposal for a Linear Progressive Income Tax, October 3818
Details
Submitted by[?]: União Democrática do Tukarali
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 3819
Description[?]:
| The União Democrática Tukarêse propose to adjust the government's income tax policy to better address the economic situation of the República Democrática do Tukarali. |
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 |
| > 50,000 TUK | 10% | 138,770,000,000 TUK |
| > 75,000 TUK | 15% | 170,968,000,000 TUK |
| > 100,000 TUK | 20% | 173,436,000,000 TUK |
| > 125,000 TUK | 25% | 159,433,000,000 TUK |
| > 150,000 TUK | 30% | 161,963,000,000 TUK |
| > 175,000 TUK | 35% | 137,975,000,000 TUK |
| > 200,000 TUK | 40% | 129,439,000,000 TUK |
| > 225,000 TUK | 45% | 545,209,000,000 TUK | Total | 1,617,193,000,000 TUK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 73 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 52 |
| Random fact: Particracy is set in the fictional world of Terra, which mirrors the real world of today and yet is not quite like it. |
| Random quote: "Men's natures are alike, it is their habits that carry them far apart." - Confucius |