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Bill: DPP Tax Reform
Details
Submitted by[?]: Democratic Populist Party (DPP)
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: February 4064
Description[?]:
| What roughly will be generated from the tax changes: Article 1. Luxuary Goods Tax - 25,600,328,863 JAK Article 2. Corporation Tax - 21,492,776,704 JAK Article 3. Income Tax - 610,091,000,000 JAK Total Revenue - 657,184,105,567 JAK Total Expenditure - 610,000,000,000 JAK Surplus - 47,184,105,567 JAK After the passing of this the DPP will seek to put at least 40,000,000,000 JAK into spending and maintain the relatively small surplus. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 22
Current: 20
Proposed: 18
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 6
Current: 20
Proposed: 4
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 |
| > 8,000 JAK | 4% | 16,178,000,000 JAK |
| > 15,000 JAK | 8% | 23,112,000,000 JAK |
| > 20,000 JAK | 18% | 50,223,000,000 JAK |
| > 25,000 JAK | 20% | 48,332,000,000 JAK |
| > 30,000 JAK | 25% | 92,956,000,000 JAK |
| > 40,000 JAK | 28% | 77,055,000,000 JAK |
| > 50,000 JAK | 30% | 61,136,000,000 JAK |
| > 60,000 JAK | 32% | 50,654,000,000 JAK |
| > 70,000 JAK | 35% | 44,033,000,000 JAK |
| > 80,000 JAK | 38% | 37,290,000,000 JAK |
| > 90,000 JAK | 40% | 75,413,000,000 JAK |
| > 120,000 JAK | 45% | 26,590,000,000 JAK |
| > 150,000 JAK | 50% | 6,236,000,000 JAK | Total | 609,208,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 276 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 224 |
| Random fact: Real-life organisations should not be referenced in Particracy, unless they are simple and generic (eg. "National Organisation for Women" is allowed). |
| Random quote: "Why is it that, as a culture, we are more comfortable seeing two men holding guns than holding hands?" - Ernest Gaines |