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Bill: General Tax Increase
Details
Submitted by[?]: Cystiȝ Partei (Liberal 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: October 3937
Description[?]:
| The Cystiȝ Partei (Liberal Party) propose to adjust the government's income tax policy to better address the economic situation of the Fārona Īegland. Articles. 1. Income tax of 1% will be presented to people earning more than 100 DNT Corporation tax will rest at 1% Luxury goods tax will rest at 1% Essential goods tax will rest at 1% 2. The government cannot change the tax rate, increase or decrease, in till after the next election. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 45
Proposed: 1
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 5
Proposed: 1
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 0
Current: 18
Proposed: 1
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 |
| > 100 DNT | 1% | 0 DNT | Total | 0 DNT |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 74 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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