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Bill: Income tax proposal of October 3981
Details
Submitted by[?]: Conservative 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: June 3982
Description[?]:
| The Conservative and Federalist Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Beluzia. |
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 |
| > 5,000 BEL | 1% | 2,812,000,000 BEL |
| > 10,000 BEL | 5% | 11,952,000,000 BEL |
| > 15,000 BEL | 13% | 21,113,000,000 BEL |
| > 20,000 BEL | 17% | 17,498,000,000 BEL |
| > 25,000 BEL | 22% | 13,491,000,000 BEL |
| > 30,000 BEL | 27% | 11,158,000,000 BEL |
| > 35,000 BEL | 33% | 7,545,000,000 BEL |
| > 40,000 BEL | 39% | 6,714,000,000 BEL |
| > 45,000 BEL | 44% | 5,631,000,000 BEL |
| > 50,000 BEL | 49% | 5,788,000,000 BEL | Total | 103,702,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 08:50:48, February 11, 2016 CET | From | Conservative Party | To | Debating the Income tax proposal of October 3981 |
| Message | This bill cuts taxes for all bands but cuts them proportionately more for lower incomes. As well as effectively removing income tax to those earning less than 5000. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 310 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 169 |
| 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: Time and again, the police prove themselves to be the Class Enemy, an armed mob used to oppress the masses and maintain the wealthy in their privileges. ~Friedrich Pfeiffer, General Secretary of the Dorvish Communist Party |