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Bill: Economic Restructure Act of 4371
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: June 4372
Description[?]:
| A proposal to adjust the government's income tax policy, luxury tax policy, and general economic policies. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 25
Proposed: 25
Article 2
Proposal[?] to change The government's stance on a salary cap.
Old value:: The government enforces a salary cap.
Current: Labour unions and organizations of employers negotiate a salary cap.
Proposed: Labour unions and organizations of employers negotiate a salary cap.
Article 3
Proposal[?] to change Government policy on Democratic Workers' Councils.
Old value:: The government requires all businesses to be run by Democratic Workers' Councils.
Current: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Proposed: The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.
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 |
| > 2,500 RCR | 5% | 7,265,000,000 RCR |
| > 5,000 RCR | 12% | 10,486,000,000 RCR |
| > 6,750 RCR | 17% | 11,897,000,000 RCR |
| > 8,500 RCR | 22% | 11,215,000,000 RCR |
| > 10,000 RCR | 25% | 10,228,000,000 RCR |
| > 11,500 RCR | 27% | 9,707,000,000 RCR |
| > 13,000 RCR | 30% | 12,242,000,000 RCR |
| > 15,000 RCR | 37% | 13,715,000,000 RCR |
| > 17,500 RCR | 47% | 12,441,000,000 RCR |
| > 20,000 RCR | 52% | 10,694,000,000 RCR |
| > 22,500 RCR | 57% | 10,352,000,000 RCR |
| > 25,000 RCR | 62% | 10,209,000,000 RCR |
| > 27,600 RCR | 67% | 13,148,000,000 RCR | Total | 143,599,000,000 RCR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 72 | ||
| no |
Total Seats: 52 | ||
| abstain |
Total Seats: 1 |
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