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Bill: Income tax proposal of November 4280
Details
Submitted by[?]: Stanton House
Status[?]: defeated
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: July 4281
Description[?]:
| The Stanton House propose to adjust the government's income tax policy to better address the economic situation of the Republic of Beluzia. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 1
Article 2
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 |
| > 7,500 BEL | 13% | 21,567,000,000 BEL |
| > 10,500 BEL | 39% | 186,153,000,000 BEL |
| > 25,000 BEL | 50% | 30,581,000,000 BEL |
| > 30,000 BEL | 55% | 35,207,000,000 BEL |
| > 40,000 BEL | 60% | 17,959,000,000 BEL |
| > 50,000 BEL | 70% | 5,606,000,000 BEL |
| > 55,000 BEL | 80% | 3,045,000,000 BEL | Total | 300,118,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 10:04:07, October 02, 2017 CET | From | United Party | To | Debating the Income tax proposal of November 4280 |
| Message | “This tax plan will plunge Beluzia into debt, we only barley turn out a surplus, this would put us into a debt based on current spending.” Jess Young Party Congressional Leader United Party |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 218 | ||||
| no | Total Seats: 532 | ||||
| abstain |
Total Seats: 0 |
| Random fact: Real-life quotations may be used in Particracy, but the real-life speaker or author should always be referenced in an OOC (out-of-character) note alongside the quotation. |
| Random quote: "Democrats always assure us that deterrence will work, but when the time comes to deter, they're against it. " - Ann Coulter |