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Bill: Income tax proposal of March 4381
Details
Submitted by[?]: Baltusian 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: November 4382
Description[?]:
The Social-National Union propose to adjust the government's income tax policy to better address the economic situation of the Baltusia. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 3
Current: 0
Proposed: 0
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 34
Current: 45
Proposed: 40
Article 3
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 24
Current: 70
Proposed: 20
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 |
> 4,000 BLD | 5% | 46,953,000,000 BLD |
> 20,000 BLD | 25% | 292,227,000,000 BLD |
> 50,000 BLD | 30% | 153,662,000,000 BLD |
> 100,000 BLD | 50% | 30,011,000,000 BLD | Total | 522,853,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |||
yes |
Total Seats: 99 | |||
no | Total Seats: 0 | |||
abstain |
Total Seats: 62 |
Random fact: Particracy does not allow real-life fictional references (eg. Gandalf, Harry Potter, Luke Skywalker). |
Random quote: "Dissent is the highest form of patriotism." - Howard Zinn |