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Bill: Income tax proposal of September 3830
Details
Submitted by[?]: Libertarian 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: May 3831
Description[?]:
| The Libertarian Party propose to adjust the government's income tax policy to better address the economic situation of the United Beiteynian Republic. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates and owns all banks.
Article 2
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Current: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Proposed: The exchange rate of the national currency is fixed by the government.
Article 3
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed but are regulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: The government owns the stock exchange(s).
Article 4
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 |
| > 10,000 BEI | 1% | 5,747,000,000 BEI |
| > 20,000 BEI | 4% | 29,994,000,000 BEI |
| > 35,000 BEI | 6% | 24,686,000,000 BEI |
| > 50,000 BEI | 10% | 35,516,000,000 BEI |
| > 70,000 BEI | 15% | 59,915,000,000 BEI |
| > 100,000 BEI | 20% | 60,047,000,000 BEI |
| > 150,000 BEI | 25% | 9,461,000,000 BEI | Total | 225,366,000,000 BEI |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 150 | |
| no |
Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Particracy has been running since 2005. Dorvik was Particracy's first nation, the Dorvik Social Democrats the first party and the International Greens the first Party Organisation. |
| Random quote: "[In the West] unpopular ideas can be silenced, and inconvenient facts kept dark, without any need for an official ban." - George Orwell |