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Bill: DPP Manifesto Promise I - Taxes
Details
Submitted by[?]: Democratic Populist Party (DPP)
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: June 4062
Description[?]:
| The DPP's Manifesto Promise on Taxes. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 20
Proposed: 18
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 2
Current: 10
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 12
Current: 20
Proposed: 4
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 |
| > 8,000 JAK | 4% | 16,192,000,000 JAK |
| > 15,000 JAK | 8% | 23,132,000,000 JAK |
| > 20,000 JAK | 18% | 50,267,000,000 JAK |
| > 25,000 JAK | 20% | 48,371,000,000 JAK |
| > 30,000 JAK | 25% | 93,017,000,000 JAK |
| > 40,000 JAK | 28% | 77,094,000,000 JAK |
| > 50,000 JAK | 30% | 61,172,000,000 JAK |
| > 60,000 JAK | 32% | 50,674,000,000 JAK |
| > 70,000 JAK | 35% | 44,032,000,000 JAK |
| > 80,000 JAK | 36% | 35,310,000,000 JAK |
| > 90,000 JAK | 38% | 33,412,000,000 JAK |
| > 100,000 JAK | 40% | 40,206,000,000 JAK |
| > 120,000 JAK | 44% | 10,913,000,000 JAK |
| > 130,000 JAK | 46% | 9,872,000,000 JAK |
| > 140,000 JAK | 48% | 6,146,000,000 JAK |
| > 150,000 JAK | 50% | 1,053,000,000 JAK |
| > 152,500 JAK | 51% | 713,000,000 JAK |
| > 155,000 JAK | 52% | 1,454,000,000 JAK |
| > 160,000 JAK | 53% | 1,482,000,000 JAK |
| > 165,000 JAK | 54% | 1,510,000,000 JAK |
| > 170,000 JAK | 55% | 328,000,000 JAK | Total | 606,350,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 132 | ||
| no | Total Seats: 368 | ||
| abstain | Total Seats: 0 |
| Random fact: Hundreds of vessels were lost while traversing the cold waters of the Sea of Lost Souls. It is located between Seleya and Majatra. |
| Random quote: "'The illusion of Pontesi nationhood'. The Serpent speaks. How can they say these things? How can they call our country an illusion? You can see it clear as day, these people won’t stop until they’ve destroyed us all." - Morgan Einar, former Pontesian general |