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Bill: Income tax proposal of March 4248
Details
Submitted by[?]: Baltusian Left Wing 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: November 4248
Description[?]:
| The Baltusian Left wing 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 |
| > 21,000 BLD | 5% | 23,183,000,000 BLD |
| > 30,000 BLD | 11% | 40,919,000,000 BLD |
| > 40,000 BLD | 17% | 105,166,000,000 BLD |
| > 70,000 BLD | 22% | 18,661,000,000 BLD |
| > 80,000 BLD | 28% | 14,750,000,000 BLD |
| > 90,000 BLD | 35% | 10,741,000,000 BLD |
| > 100,000 BLD | 45% | 10,917,000,000 BLD |
| > 125,000 BLD | 50% | 7,495,000,000 BLD |
| > 150,000 BLD | 50% | 10,386,000,000 BLD | Total | 242,218,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 13:47:00, July 28, 2017 CET | From | Secularist, Socialist Party of Baltusia | To | Debating the Income tax proposal of March 4248 |
| Message | Members of Congress, This would leave us with a deficit of over fifty billion dollars. Combining that with the luxury goods tax an corporation tax decrease proposed by the Baltusia Left Wing Party, and the deficit will grow to almost a hundred billion dollars. Jenessa Hawkins President of Baltusia, Leader of the Secularist, Socialist Party of Baltusia, & Outgoing Secretary of State for Finance |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 370 | ||
| no | Total Seats: 230 | ||
| abstain | Total Seats: 0 |
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| Random quote: "Envy is the cause of political division." - Democritus |