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Bill: Income tax proposal of November 4313
Details
Submitted by[?]: Partia Koalicji Narodowej šµó ó
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: July 4314
Description[?]:
| The Partia Koalicji Narodowej āļø propose to adjust the government's income tax policy to better address the economic situation of the Rzeczpospolita Walruzyjska (Republic of Valruzia). The Ministry of Finance prepared the refom on the income tax system. The highest tax bracket has been lowered to 35% from the present 41%. The income tax threshold has been increased to 9000 VPO from the present 5000 VPO. |
Proposals
Article 1
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 |
| > 9,000 VPO | 5% | 17,088,000,000 VPO |
| > 15,000 VPO | 9% | 22,626,000,000 VPO |
| > 20,000 VPO | 13% | 24,696,000,000 VPO |
| > 25,000 VPO | 17% | 23,649,000,000 VPO |
| > 30,000 VPO | 21% | 39,844,000,000 VPO |
| > 40,000 VPO | 24% | 26,234,000,000 VPO |
| > 50,000 VPO | 27% | 27,593,000,000 VPO |
| > 65,000 VPO | 30% | 8,408,000,000 VPO |
| > 75,000 VPO | 32% | 8,561,000,000 VPO |
| > 90,000 VPO | 35% | 6,149,000,000 VPO | Total | 204,848,000,000 VPO |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 337 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 128 |
| Random fact: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "In a sense we have come to our nation's capital to cash a cheque. When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir. This note was a promise that all men, yes, black men as well as white men, would be guaranteed the unalienable rights of life, liberty, and the pursuit of happiness." - Martin Luther King Jr. |