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Bill: Corporate Tax Act
Details
Submitted by[?]: Social Liberal Party
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: August 4291
Description[?]:
Taxes should not be high but full abscence of taxes is also not good. We propose a restoring of corporate tax (5%) in exchange of tax cuts for wealthy. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 9
Proposed: 5
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 |
> 12,500 HLR | 5% | 31,677,000,000 HLR |
> 25,000 HLR | 16% | 62,807,000,000 HLR |
> 37,500 HLR | 27% | 65,936,000,000 HLR |
> 50,000 HLR | 35% | 58,973,000,000 HLR |
> 62,500 HLR | 45% | 49,292,000,000 HLR |
> 75,000 HLR | 52% | 63,016,000,000 HLR | Total | 331,701,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||||
yes |
Total Seats: 260 | ||||
no |
Total Seats: 253 | ||||
abstain |
Total Seats: 92 |
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: "Democracy means simply the bludgeoning of the people by the people for the people." - Oscar Wilde |