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Bill: Tax Reforms of December 3992
Details
Submitted by[?]: Centrist Alliance
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: August 3993
Description[?]:
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 21
Proposed: 12
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 |
> 2,500 LPD | 5% | 4,189,000,000 LPD |
> 4,000 LPD | 8% | 3,898,000,000 LPD |
> 5,000 LPD | 10% | 9,677,000,000 LPD |
> 7,500 LPD | 15% | 8,836,000,000 LPD |
> 10,000 LPD | 20% | 12,814,000,000 LPD |
> 15,000 LPD | 25% | 4,261,000,000 LPD |
> 20,000 LPD | 30% | 1,922,000,000 LPD |
> 25,000 LPD | 32% | 1,577,000,000 LPD |
> 30,000 LPD | 35% | 18,000,000 LPD | Total | 47,192,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
Date | 17:39:09, March 05, 2016 CET | From | Imperial Conservative Union (IA) | To | Debating the Tax Reforms of December 3992 |
Message | Mr. Speaker, This is a dangerous proposal that again does not make this country stronger but weaker. This government requires more money in order for us to invest in its future, not less. I yield. |
Date | 19:19:50, March 05, 2016 CET | From | Centrist Alliance | To | Debating the Tax Reforms of December 3992 |
Message | Mr Speaker, If there is any decrease at all it will be very minimal. It is not dangerous and gives low paid workers a chance for a decent life. Carlos Everton PUM Leader |
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Voting
Vote | Seats | |||||
yes |
Total Seats: 290 | |||||
no |
Total Seats: 210 | |||||
abstain | Total Seats: 0 |
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