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Bill: Income tax proposal of January 4174
Details
Submitted by[?]: Imperskiy Soyuz
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: September 4174
Description[?]:
| The Imperskiy Soyuz propose to adjust the government's income tax policy to better address the economic situation of the Trigunskaya Respublika (Trigunian Repbulic). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 37
Current: 30
Proposed: 25
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 5
Proposed: 1
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 10
Proposed: 20
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 |
| > 1,400 TRA | 10% | 13,972,000,000 TRA |
| > 4,200 TRA | 20% | 13,241,000,000 TRA |
| > 7,000 TRA | 30% | 9,905,000,000 TRA |
| > 9,800 TRA | 40% | 10,422,000,000 TRA | Total | 47,540,000,000 TRA |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes |
Total Seats: 305 | ||
| no |
Total Seats: 295 | ||
| abstain | Total Seats: 0 |
| Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
| Random quote: "What is conservatism? Is it not the adherence to the old and tried against the new and untried?" - Abraham Lincoln |