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Bill: Income Tax Proposal of June 3904
Details
Submitted by[?]: National Freedom 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: May 3906
Description[?]:
The People's Populist Party propose to adjust the government's income tax policy to better address the economic situation of the Beluz Socialist Republic. This simply streamlines tax brackets. The difference between each bracket will be exactly 10,000 Beluz and the tax rate for each bracket will be 10% for the lowest bracket and increases by 5% at each bracket level. It raises income tax revenue from 83,575,300,114 BEL collected from 6 different tax brackets to 88,633,000,000 BEL collected from 5 tax brackets. Not only is it simpler but it increases state budget. |
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 |
> 10,000 BEL | 10% | 40,136,000,000 BEL |
> 20,000 BEL | 15% | 24,623,000,000 BEL |
> 30,000 BEL | 20% | 12,836,000,000 BEL |
> 40,000 BEL | 25% | 7,506,000,000 BEL |
> 50,000 BEL | 30% | 3,546,000,000 BEL | Total | 88,647,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
Date | 06:03:07, September 11, 2015 CET | From | Beluzian Coalition of the Regions | To | Debating the Income Tax Proposal of June 3904 |
Message | This is acceptable to us. |
Date | 21:23:42, September 12, 2015 CET | From | The Libertarian Socialist Party | To | Debating the Income Tax Proposal of June 3904 |
Message | Equally admirable |
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Voting
Vote | Seats | |||
yes |
Total Seats: 238 | |||
no | Total Seats: 0 | |||
abstain |
Total Seats: 212 |
Random fact: You can view helpful ideological statistics about the regions in your nation on the region pages. You can also view detailed political opinions and the importance of them there as well. |
Random quote: "It is said, 'Pontesi is Jelbic in nature'. But I tell you, they are really a lost tribe of Selucians, forced to become barbarians by their savage Jelbic conquerors." - Alamar Xarfaxis, former Pontesian politician |