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Bill: Great Reform Ukaz - Reintroduction of the Income Tax
Details
Submitted by[?]: Nubajrka Royal Clan
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: December 4345
Description[?]:
| To fund the Government with a more stable source of revenue, we propose re-introducing the income tax. It will be levied at the rate of 10% with exemptions for the nobility for their public duties and a number of other exemptions aimed at re-investment of income in several ways. In addition, sales tax shall be doubled to 10% and a corporation tax shall be introduced at the same rate. H'ansrmko Manil Suadjakai Wrntusrljikai of Jelbania |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 0
Proposed: 10
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 18
Proposed: 10
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 19
Proposed: 10
Article 4
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 JEL | 10% | 231,064,000,000 JEL |
| > 75,000 JEL | 5% | 30,700,000,000 JEL |
| > 150,000 JEL | 1% | 678,000,000 JEL | Total | 262,442,000,000 JEL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 120 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Once approved, players should copy Cultural Protocols into a bill in the debate section of their nation page, under the title of "OOC: Cultural Protocols". This bill should include links to the passed Cultural Protocol bill and the Moderation approval. |
| Random quote: "Politics is for the present, but an equation is for eternity." - Albert Einstein |