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Bill: Income tax proposal of October 4216
Details
Submitted by[?]: Partido patriota
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: December 4217
Description[?]:
| The Partido patriota propose to adjust the government's income tax policy to better address the economic situation of the República de Egelion. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 45
Current: 10
Proposed: 51
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 3
Current: 19
Proposed: 1
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 19
Proposed: 27
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 |
| > 10,000 EGP | 10% | 15,276,000,000 EGP |
| > 15,000 EGP | 14% | 12,497,000,000 EGP |
| > 20,000 EGP | 17% | 10,318,000,000 EGP |
| > 25,000 EGP | 19% | 6,295,000,000 EGP |
| > 30,000 EGP | 27% | 4,806,000,000 EGP |
| > 35,000 EGP | 32% | 3,406,000,000 EGP |
| > 40,000 EGP | 35% | 810,000,000 EGP |
| > 42,000 EGP | 37% | 1,284,000,000 EGP |
| > 45,000 EGP | 44% | 1,527,000,000 EGP |
| > 48,000 EGP | 50% | 618,000,000 EGP | Total | 56,837,000,000 EGP |
Debate
These messages have been posted to debate on this bill:
| Date | 12:55:00, May 26, 2017 CET | From | Partido patriota | To | Debating the Income tax proposal of October 4216 |
| Message | Plan for next budget taxation proposal if this goes through. 52% in corporate tax, complete removal of tax in essentials, 30% Luxury, continuation of tax decreases on people earning less then 30,000 EGP and tax increases on those making more then 30,000 with more steps between the tax increases from 30,000 EGP and upward |
| Date | 21:18:05, May 26, 2017 CET | From | Partido Eco-Animalista | To | Debating the Income tax proposal of October 4216 |
| Message | We're agree |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 95 | |||
| no | Total Seats: 57 | |||
| abstain | Total Seats: 0 |
| Random fact: The players in a nation have a collective responsibility to ensure their "Bills under debate" section is kept in good order. Bills which are irrelevant or have become irrelevant should be deleted. Deletion can be requested for bills proposed by inactive parties on the Bill Clearout Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "The great masses of the people... will more easily fall victims to a big lie than to a small one." - Adolf Hitler |