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Bill: Taxation (Income) Act
Details
Submitted by[?]: Democratic Alliance Party (DAP)
Status[?]: defeated
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: May 4240
Description[?]:
The Demokrātiskās Alianses Partija (DAP) propose to adjust the government's income tax policy to better address the economic situation of the Lielhercogiste Dolgavijas (Dolgavia). Overall this new taxation scheme reduces the number of taxation brackets, reduces taxes for all and marginally reduces overall revenue. This is an important funding change for this country and helps to reduce the bureaucracy of the current tax system. |
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 |
> 1 DLD | 1% | 8,536,000,000 DLD |
> 15,000 DLD | 12% | 102,440,000,000 DLD |
> 30,000 DLD | 15% | 170,733,000,000 DLD |
> 50,000 DLD | 20% | 569,111,000,000 DLD |
> 100,000 DLD | 25% | 1,247,789,000,000 DLD |
> 200,000 DLD | 30% | 1,667,020,000,000 DLD |
> 500,000 DLD | 34% | 241,482,000,000 DLD |
> 700,000 DLD | 37% | 93,588,000,000 DLD |
> 900,000 DLD | 39% | 3,190,000,000 DLD | Total | 4,103,889,000,000 DLD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes | Total Seats: 0 | ||
no | Total Seats: 435 | ||
abstain | Total Seats: 0 |
Random fact: Terra, the fictional world in which Particracy is set, consists of 8 continents: Artania, Dovani, Keris, Makon, Majatra, Seleya, Temania and Vascania. |
Random quote: "Patriotism is in political life what faith is in religion." - John Dalberg-Acton |