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Bill: Income tax proposal of February 4259
Details
Submitted by[?]: Parti social-démocrate
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: October 4259
Description[?]:
| The Parti social-démocrate propose to adjust the government's income tax policy to better address the economic situation of the République de Rildanor (Republic of Rildanor). This is a budget neutral way to finance the proposed cut to sales taxes on essentials. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 16
Proposed: 20
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 8
Current: 25
Proposed: 10
Article 3
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 8
Current: 21
Proposed: 5
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 |
| > 4,000 RCR | 10% | 15,606,000,000 RCR |
| > 7,000 RCR | 20% | 21,937,000,000 RCR |
| > 10,000 RCR | 30% | 23,021,000,000 RCR |
| > 13,000 RCR | 40% | 22,675,000,000 RCR |
| > 16,000 RCR | 50% | 19,062,000,000 RCR |
| > 19,000 RCR | 60% | 50,293,000,000 RCR | Total | 152,594,000,000 RCR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||||
| yes |
Total Seats: 162 | ||||||
| no | Total Seats: 0 | ||||||
| abstain | Total Seats: 38 |
| Random fact: The players in a nation have a collective responsibility to prevent confusion by ensuring unofficial or outdated bills labelled as "Cultural Protocols" are removed from their nation page. |
| Random quote: "An idealist is one who, on noticing that roses smell better than a cabbage, concludes that it will also make better soup." - H. L. Mencken |