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Bill: Income tax proposal of May 4282
Details
Submitted by[?]: Secularist, Socialist Party of Baltusia
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: April 4283
Description[?]:
Members of Congress, The Secularist, Socialist Party of Baltusia propose to adjust the government's income tax policy to better address the economic situation of the Baltusia. Richard Leonardo Secretary of State for Finance Congressional Leader of the Secularist, Socialist Party of Baltusia |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 0
Proposed: 40
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 8
Current: 0
Proposed: 25
Article 3
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 BLD | 10% | 111,198,000,000 BLD |
> 30,000 BLD | 20% | 74,588,000,000 BLD |
> 40,000 BLD | 25% | 68,831,000,000 BLD |
> 50,000 BLD | 30% | 103,487,000,000 BLD |
> 70,000 BLD | 40% | 34,021,000,000 BLD |
> 80,000 BLD | 42% | 35,113,000,000 BLD |
> 100,000 BLD | 45% | 17,722,000,000 BLD |
> 150,000 BLD | 50% | 10,420,000,000 BLD | Total | 455,380,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||||
yes |
Total Seats: 364 | ||||
no | Total Seats: 236 | ||||
abstain | Total Seats: 0 |
Random fact: In order for a Cabinet bill to pass, more than half of the legislature must vote for it and all of the parties included in the proposed Cabinet must support it. If your nation has a Head of State who is also the Head of Government, then the party controlling this character must also vote for the bill, since the Head of Government is also a member of the Cabinet. If any of these requirements are not met, the bill will not pass. |
Random quote: "The experience of ages has shown that a man who works on the land is purer, nobler, higher, and more moral... Agriculture should be at the basis of everything." - Mikuláš Gogolský, former Deltarian writer |