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Bill: Income tax proposal of November 4146
Details
Submitted by[?]: Free Market Party
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: July 4147
Description[?]:
| The Free Market 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 |
| > 15,000 BLD | 3% | 10,571,000,000 BLD |
| > 21,000 BLD | 5% | 23,200,000,000 BLD |
| > 30,000 BLD | 11% | 40,951,000,000 BLD |
| > 40,000 BLD | 17% | 105,227,000,000 BLD |
| > 70,000 BLD | 24% | 20,370,000,000 BLD |
| > 80,000 BLD | 28% | 23,357,000,000 BLD |
| > 100,000 BLD | 38% | 22,841,000,000 BLD | Total | 246,517,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 17:18:46, January 06, 2017 CET | From | Free Market Party | To | Debating the Income tax proposal of November 4146 |
| Message | We have a ton of surplus money that is better left in the hands of our citizens. Minister of Finance, Richard Fredericks. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 390 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 243 |
| Random fact: Any RP law granting extraordinary "emergency powers" or dictator-like powers to a government must be passed by at least a 2/3rds majority, but (like all RP laws) may always be overturned by a simple majority vote of the legislature. |
| Random quote: "We cannot acknowledge allegiance to any human government... Our country is the world, our countrymen are all mankind." - William Lloyd Garrison |