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Bill: OGP: 1.2 Tax Relief Act
Details
Submitted by[?]: Old Guard Party (CГП)
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 4406
Description[?]:
| The Old Guard Party (CГП) propose to adjust the government's income tax policy to better address the economic situation of the Trigunian Soviet Federative Socialist Republic. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 80
Current: 30
Proposed: 25
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 10
Proposed: 25
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 TRA | 8% | 6,872,000,000 TRA |
| > 2,500 TRA | 12% | 12,300,000,000 TRA |
| > 5,000 TRA | 20% | 10,830,000,000 TRA |
| > 8,000 TRA | 26% | 11,825,000,000 TRA | Total | 41,827,000,000 TRA |
Debate
These messages have been posted to debate on this bill:
| Date | 21:21:41, June 07, 2018 CET | From |  Old Guard Party (CГП) | To | Debating the OGP: 1.2 Tax Relief Act |
| Message | Estimated total tax revenue: TRA 41,804,000,000 income tax + TRA 1,627,282,256 business tax + TRA 3,469,924,353 essential goods tax + TRA 19,277,357,520 luxury tax = TRA 66,180,000,000 total government revenue |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 259 | ||
| no |
Total Seats: 335 | ||
| abstain |
Total Seats: 156 |
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