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Bill: Income tax proposal of May 4292/ The budget
Details
Submitted by[?]: Social Democrat Party
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: January 4293
Description[?]:
| The Social Democrat Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Vorona. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 65
Proposed: 25
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 |
| > 50 DNT | 5% | 0 DNT |
| > 100 DNT | 8% | 0 DNT |
| > 300 DNT | 10% | 0 DNT |
| > 400 DNT | 12% | 0 DNT |
| > 500 DNT | 14% | 0 DNT |
| > 1,000 DNT | 16% | 0 DNT |
| > 2,000 DNT | 18% | 0 DNT |
| > 3,000 DNT | 20% | 0 DNT |
| > 4,000 DNT | 22% | 0 DNT |
| > 5,000 DNT | 25% | 0 DNT |
| > 10,000 DNT | 40% | 0 DNT | Total | 0 DNT |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||||
| yes | Total Seats: 236 | |||||
| no | Total Seats: 27 | |||||
| abstain |
Total Seats: 37 |
| Random fact: The players in a nation have a collective responsibility to ensure their "Bills under debate" section is kept in good order. Bills which are irrelevant or have become irrelevant should be deleted. Deletion can be requested for bills proposed by inactive parties on the Bill Clearout Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "Without opposition there is no politics." - Alun Daffys, former Alorian politician |