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Bill: Income tax proposal of October 4387
Details
Submitted by[?]: Factio Liberalis
Status[?]: defeated
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 4388
Description[?]:
| The Factio Liberalis propose to adjust the government's income tax policy to better address the economic situation of the Res Publica Seluciae. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 17
Current: 35
Proposed: 25
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 0
Proposed: 8
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 30
Proposed: 30
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 |
| > 650 SEN | 7% | 3,197,000,000 SEN |
| > 1,450 SEN | 25% | 13,557,000,000 SEN |
| > 2,400 SEN | 35% | 41,803,000,000 SEN |
| > 4,500 SEN | 45% | 48,373,000,000 SEN |
| > 7,000 SEN | 55% | 36,611,000,000 SEN |
| > 9,350 SEN | 60% | 53,648,000,000 SEN |
| > 15,000 SEN | 66% | 60,701,000,000 SEN | Total | 257,890,000,000 SEN |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 88 | |||
| no | Total Seats: 443 | |||
| abstain |
Total Seats: 219 |
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