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Bill: Taxation Reforms 4022
Details
Submitted by[?]: 民主党 (Democratic Party)
Status[?]: defeated
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: February 4023
Description[?]:
| Following a boom in our economy, we propose further changes. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 15
Proposed: 0
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 20
Proposed: 5
Article 3
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 HCR | 10% | 28,471,000,000 HCR |
| > 10,000 HCR | 15% | 85,413,000,000 HCR |
| > 20,000 HCR | 20% | 102,114,000,000 HCR |
| > 30,000 HCR | 25% | 67,592,000,000 HCR |
| > 40,000 HCR | 30% | 56,778,000,000 HCR |
| > 50,000 HCR | 35% | 54,877,000,000 HCR |
| > 60,000 HCR | 40% | 44,007,000,000 HCR |
| > 70,000 HCR | 45% | 37,719,000,000 HCR |
| > 80,000 HCR | 50% | 29,246,000,000 HCR |
| > 90,000 HCR | 55% | 26,177,000,000 HCR |
| > 100,000 HCR | 60% | 22,432,000,000 HCR |
| > 110,000 HCR | 65% | 59,593,000,000 HCR | Total | 614,419,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 98 | ||
| no | Total Seats: 352 | ||
| abstain | Total Seats: 0 |
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