We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Tax Reform
Details
Submitted by[?]: Free Democratic 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: April 3916
Description[?]:
| Our plan is to raise the income tax and cut the luxury tax completely. Our luxury tax is one of the highest in the world, and it is inappropriate and unnecessary. We place this act as a compromise. The republicans would be completely accepting with a lower luxury tax, but they do not want to lose so much governmental revenue. This puts the power back in the people and will energize the economy. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 0
Proposed: 20
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 50
Current: 0
Proposed: 30
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 |
| > 40,000 SOL | 15% | 67,857,000,000 SOL |
| > 60,000 SOL | 25% | 64,230,000,000 SOL |
| > 80,000 SOL | 35% | 67,020,000,000 SOL |
| > 100,000 SOL | 45% | 42,320,000,000 SOL |
| > 120,000 SOL | 55% | 29,790,000,000 SOL | Total | 271,217,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 20:50:31, September 30, 2015 CET | From |  Socialist Party of Solentia (SPS) | To | Debating the Tax Reform |
| Message | ACS i would like to vote yes for this but if we completely take away the luxury goods tax we will lose a lot of money i would like to have the luxury goods at 20-30%. |
| Date | 05:13:17, October 01, 2015 CET | From | Free Democratic Party | To | Debating the Tax Reform |
| Message | "Is this better?" |
| Date | 08:13:07, October 01, 2015 CET | From | Socialist Party of Solentia (SPS) | To | Debating the Tax Reform |
| Message | Yes |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 378 | ||||||
| no | Total Seats: 47 | ||||||
| abstain |
Total Seats: 0 |
| Random fact: Don't put "the" as the first word in your party name, because when parties are referred to in news reports, their names are preceded with "the", e.g. the [Socialist Party] has lost. |
| Random quote: "There are people in the world so hungry that God cannot appear to them except in the form of bread." - Mahatma Gandhi |