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Bill: Income tax proposal of September 4286
Details
Submitted by[?]: Partido Nacional
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: May 4287
Description[?]:
| The Partido Nacional propose to adjust the government's income tax policy to better address the economic situation of the República Democrática do Tukarali. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 18
Current: 12
Proposed: 15
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 27
Current: 30
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 |
| > 90,000 TUK | 22% | 563,253,000,000 TUK |
| > 180,000 TUK | 60% | 1,101,359,000,000 TUK | Total | 1,664,612,000,000 TUK |
Debate
These messages have been posted to debate on this bill:
| Date | 15:31:43, October 13, 2017 CET | From | Partido Nacional | To | Debating the Income tax proposal of September 4286 |
| Message | With the TUK 200 Billion of savings identified in the last budget - http://classic.particracy.net/viewbill.php?billid=540676, we propose removing the lowest bracket of income tax (5% income tax on earnings between TUK 50-90K), costing TUK 104.6 Billion. We also propose reducing the sales tax on luxury items from 27% to 24% costing TUK 56.1 Billion and reducing Corporation Tax from 18% to 15%, costing TUK 11.3 Billion. This is a total of TUK 167.9 Billion in tax cuts, leaving a budget surplus of TUK 58.6 Billion. |
| Date | 15:33:56, October 13, 2017 CET | From | Partido Nacional | To | Debating the Income tax proposal of September 4286 |
| Message | Correction, Luxury Tax reduced from 27% to 25% costing TUK 37.4 Billion. Budget surplus will be TUK 77.3 Billion. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 70 | ||
| no | Total Seats: 105 | ||
| abstain | Total Seats: 0 |
| Random fact: Real-life religions should not be referenced in Particracy. Terra has its own religions, many of which mirror real-life ones. See: http://particracy.wikia.com/wiki/Illustrated_Catalogue_of_Religion |
| Random quote: "We're the first society in history with the option of living in a world without poverty. The fact poverty still exist says more about our political leaders than I can." - Clint Borgen |