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Bill: Income tax proposal of February 4020
Details
Submitted by[?]: Partit Qawmien Soċjalista Maġatrani
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 4020
Description[?]:
| The Cildanian National Coalition propose to adjust the government's income tax policy to better address the economic situation of the Hafna Serenissima Unjoni Qildanjanu (Most Serene Cildanian Union). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 40
Proposed: 33
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 10
Current: 2
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 40
Current: 7
Proposed: 33
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 |
| > 1 CDC | 1% | 3,440,000,000 CDC |
| > 6,000 CDC | 10% | 34,411,000,000 CDC |
| > 12,000 CDC | 15% | 51,615,000,000 CDC |
| > 18,000 CDC | 20% | 62,390,000,000 CDC |
| > 24,000 CDC | 25% | 66,905,000,000 CDC |
| > 30,000 CDC | 30% | 60,495,000,000 CDC |
| > 36,000 CDC | 35% | 53,176,000,000 CDC |
| > 42,000 CDC | 45% | 54,000,000,000 CDC |
| > 48,000 CDC | 50% | 50,195,000,000 CDC |
| > 54,000 CDC | 55% | 50,540,000,000 CDC |
| > 60,000 CDC | 60% | 230,549,000,000 CDC | Total | 717,716,000,000 CDC |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 750 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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