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Bill: Income tax proposal of March 4366
Details
Submitted by[?]: Parti de la Gauche
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: February 4369
Description[?]:
| The Parti Possibilité pour l'égalité propose to adjust the government's income tax policy to better address the economic situation of the République de Rildanor (Republic of Rildanor). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 50
Current: 20
Proposed: 40
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 19
Proposed: 2
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 |
| > 1,000 RCR | 7% | 6,112,000,000 RCR |
| > 2,500 RCR | 12% | 17,398,000,000 RCR |
| > 5,000 RCR | 17% | 20,282,000,000 RCR |
| > 7,500 RCR | 22% | 19,491,000,000 RCR |
| > 10,000 RCR | 27% | 17,568,000,000 RCR |
| > 12,500 RCR | 32% | 16,749,000,000 RCR |
| > 15,000 RCR | 37% | 13,683,000,000 RCR |
| > 17,500 RCR | 42% | 7,194,000,000 RCR |
| > 19,000 RCR | 47% | 4,361,000,000 RCR |
| > 20,000 RCR | 52% | 10,668,000,000 RCR |
| > 22,500 RCR | 57% | 10,327,000,000 RCR |
| > 25,000 RCR | 62% | 9,861,000,000 RCR |
| > 27,500 RCR | 67% | 6,849,000,000 RCR |
| > 30,000 RCR | 72% | 7,111,000,000 RCR | Total | 167,654,000,000 RCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 47 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 28 |
| 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: "The difference between a republic and a people's republic is a lot like the difference between a jacket and a straightjacket." - Ronald Reagan |