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Bill: Comprehensive Tax Reform Act
Details
Submitted by[?]: Whig Party
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 4374
Description[?]:
| The Whig Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. Following the recent passage of the Austere Budget we now have an opportunity to deliver meaningful tax reform to the nation and relieve the tax burden on our nation. Passage of this tax reform will not only stimulate our economy and encourage citizens to spend their hard earned Ruta's but this bill will also allow more of our wealth to remain in Rutania by lowering the Luxury goods tax encouraging citizens to buy luxury items in Rutania and not abroad to avoid the excessively high 40% tax rate. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 40
Current: 33
Proposed: 35
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 28
Current: 26
Proposed: 18
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 RUT | 3% | 3,326,000,000 RUT |
| > 3,000 RUT | 23% | 22,607,000,000 RUT |
| > 6,000 RUT | 30% | 11,534,000,000 RUT |
| > 9,000 RUT | 35% | 8,441,000,000 RUT | Total | 45,908,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 441 | ||||
| no | Total Seats: 257 | ||||
| abstain | Total Seats: 52 |
| Random fact: Large scale RP planning (such as wars, regional/continental conflicts, economic collapse, etc.) should be planned (as best as it can be) and should have consent of a majority of players involved. |
| Random quote: "Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide." - John Adams |