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Bill: Tax Reform 4336
Details
Submitted by[?]: White Rose (IA) - M
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: September 4337
Description[?]:
| Mr. Speaker The Moderate Party would like to see the Income Tax Burden on the people decreased, especially the lower and middle class. This Bill will not only do that but also be done while keeping a budget surplus. If this bill is passed, there will also be a 5 Trillion Pound spending cut bill that will be introduced to ensure the budget surplus. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 14
Current: 20
Proposed: 20
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 21
Proposed: 20
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 |
| > 50 LPD | 20% | 5,079,000,000 LPD |
| > 500 LPD | 25% | 7,054,000,000 LPD |
| > 1,000 LPD | 30% | 16,930,000,000 LPD |
| > 2,000 LPD | 33% | 18,623,000,000 LPD |
| > 3,000 LPD | 36% | 19,986,000,000 LPD |
| > 4,000 LPD | 39% | 18,988,000,000 LPD |
| > 5,000 LPD | 44% | 42,546,000,000 LPD |
| > 7,500 LPD | 47% | 27,661,000,000 LPD |
| > 10,000 LPD | 51% | 32,644,000,000 LPD |
| > 15,000 LPD | 55% | 9,361,000,000 LPD |
| > 20,000 LPD | 60% | 3,835,000,000 LPD |
| > 25,000 LPD | 65% | 3,228,000,000 LPD | Total | 205,935,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||||
| yes |
Total Seats: 135 | |||||
| no |
Total Seats: 530 | |||||
| abstain | Total Seats: 0 |
| Random fact: Zardugal is a nation based on the old Byzantine Empire, with a modern twist and the Esperanto language. Zardugal is located on the continent of Majatra. |
| Random quote: "Political correctness is just tyranny with manners." - Charlton Heston |