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Bill: Income tax proposal of March 4287
Details
Submitted by[?]: Secularist, Socialist Party of Baltusia
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: November 4287
Description[?]:
| The Secularist, Socialist Party of Baltusia propose to adjust the government's income tax policy to better address the economic situation of the Baltusia. This will bring our deficit down to 2% GDP |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 40
Current: 0
Proposed: 42
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 0
Proposed: 27
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% | 111,060,000,000 BLD |
| > 30,000 BLD | 25% | 93,117,000,000 BLD |
| > 40,000 BLD | 30% | 82,501,000,000 BLD |
| > 50,000 BLD | 35% | 120,618,000,000 BLD |
| > 70,000 BLD | 40% | 33,985,000,000 BLD |
| > 80,000 BLD | 42% | 35,079,000,000 BLD |
| > 100,000 BLD | 45% | 17,719,000,000 BLD |
| > 150,000 BLD | 50% | 10,416,000,000 BLD | Total | 504,495,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 02:09:37, October 15, 2017 CET | From | Secularist, Socialist Party of Baltusia | To | Debating the Income tax proposal of March 4287 |
| Message | Members of Congress, It is excellent to see the so-called 'fiscally responsible' parties voting against cutting the deficit. Richard Leonardo Secretary of State for Finance Congressional Leader of the Secularist, Socialist Party of Baltusia |
| Date | 03:36:05, October 15, 2017 CET | From | Centrist Party of Baltusia | To | Debating the Income tax proposal of March 4287 |
| Message | Members of Congress, This hurts both businesses and people. While i believe we should work on the deficit, This is the opposite effect we need. - Jimmie V. Mechling CPB Senator |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 108 | ||||||
| no |
Total Seats: 457 | ||||||
| abstain | Total Seats: 35 |
| Random fact: Particracy does not allow real-life fictional references (eg. Gandalf, Harry Potter, Luke Skywalker). |
| Random quote: "Because we don't think about future generations, they will never forget us." - Henrik Tikkanen |