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Bill: Income tax proposal of March 3942
Details
Submitted by[?]: Les Renards
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: November 3942
Description[?]:
| A tax proposal neccessary, along with spending cuts, to pay for a cut in the extortionate sales tax on luxury goods. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 50
Current: 21
Proposed: 25
Article 2
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 RCR | 10% | 18,153,000,000 RCR |
| > 20,000 RCR | 20% | 13,001,000,000 RCR |
| > 30,000 RCR | 30% | 2,970,000,000 RCR | Total | 34,124,000,000 RCR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||||
| yes |
Total Seats: 81 | |||||
| no |
Total Seats: 19 | |||||
| abstain | Total Seats: 0 |
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