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Bill: Tax proposal of June 3836
Details
Submitted by[?]: Partito Socialista Istaliano
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: February 3837
Description[?]:
| The Partito Socialista Istaliano propose to adjust the government's income tax policy to better address the economic situation of the Repubblica Istaliana (Istalia). |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 40
Current: 15
Proposed: 25
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 20
Current: 1
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 LIS | 15% | 34,107,000,000 LIS |
| > 5,000 LIS | 25% | 46,802,000,000 LIS |
| > 10,000 LIS | 35% | 39,683,000,000 LIS |
| > 20,000 LIS | 45% | 13,934,000,000 LIS | Total | 134,526,000,000 LIS |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 100 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Culturally Open nations can adopt advisory/non-enforceable Nation Descriptions. See http://forum.particracy.net/viewtopic.php?f=5&t=6242 |
| Random quote: "Politics is supposed to be the second oldest profession. I have come to realize that it bears a very close resemblance to the first." - Ronald Reagan |