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Bill: Income tax proposal of August 4020
Details
Submitted by[?]: Republican Party-Liberals
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: April 4021
Description[?]:
| The Moderate Party propose to adjust the government's income tax policy to better address the economic situation of the Baltusia. |
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 BLD | 3% | 8,816,000,000 BLD |
| > 10,000 BLD | 6% | 17,632,000,000 BLD |
| > 15,000 BLD | 9% | 26,448,000,000 BLD |
| > 20,000 BLD | 10% | 28,048,000,000 BLD |
| > 25,000 BLD | 12% | 29,114,000,000 BLD |
| > 30,000 BLD | 10% | 52,384,000,000 BLD |
| > 45,000 BLD | 10% | 12,374,000,000 BLD |
| > 50,000 BLD | 21% | 43,729,000,000 BLD |
| > 60,000 BLD | 24% | 32,745,000,000 BLD |
| > 70,000 BLD | 27% | 22,942,000,000 BLD |
| > 80,000 BLD | 30% | 15,829,000,000 BLD |
| > 90,000 BLD | 33% | 10,154,000,000 BLD |
| > 100,000 BLD | 36% | 5,516,000,000 BLD |
| > 110,000 BLD | 39% | 17,509,000,000 BLD | Total | 323,240,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 00:29:25, April 29, 2016 CET | From | Republican Party-Liberals | To | Debating the Income tax proposal of August 4020 |
| Message | We are giving tax relief to the middle class. |
| Date | 00:57:11, April 29, 2016 CET | From | National Front | To | Debating the Income tax proposal of August 4020 |
| Message | We'll support this, but we would prefer a flat tax system. |
| Date | 04:35:23, April 29, 2016 CET | From | Baltusian Communist Pro-life Party | To | Debating the Income tax proposal of August 4020 |
| Message | This is a bad tax system for our country, we need a reel government, not a bunch of do-nothing praying for other to do their job at their place. nothing is free in life, except when you are in a right-wing government, then you can't let other do your job. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 380 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 242 |
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