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Bill: Income tax proposal of September 4412
Details
Submitted by[?]: União Democrática do Tukarali
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: May 4413
Description[?]:
| The União Democrática Tukarese (DAT) propose to adjust the government's income tax policy to better address the economic situation of the República Democrática do Tukarali. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 12
Current: 27
Proposed: 36
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 9
Current: 12
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 |
| > 50,000 TUK | 3% | 25,273,000,000 TUK |
| > 65,000 TUK | 6% | 47,545,000,000 TUK |
| > 80,000 TUK | 9% | 60,918,000,000 TUK |
| > 95,000 TUK | 12% | 71,176,000,000 TUK |
| > 110,000 TUK | 15% | 72,397,000,000 TUK |
| > 125,000 TUK | 18% | 71,568,000,000 TUK |
| > 140,000 TUK | 21% | 74,909,000,000 TUK |
| > 155,000 TUK | 24% | 78,372,000,000 TUK |
| > 170,000 TUK | 27% | 72,310,000,000 TUK |
| > 185,000 TUK | 30% | 65,797,000,000 TUK |
| > 200,000 TUK | 33% | 65,886,000,000 TUK |
| > 215,000 TUK | 36% | 62,906,000,000 TUK |
| > 230,000 TUK | 39% | 50,102,000,000 TUK |
| > 245,000 TUK | 42% | 49,313,000,000 TUK |
| > 260,000 TUK | 45% | 45,964,000,000 TUK |
| > 275,000 TUK | 48% | 44,299,000,000 TUK |
| > 290,000 TUK | 51% | 365,146,000,000 TUK | Total | 1,323,881,000,000 TUK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 152 | ||
| no |
Total Seats: 103 | ||
| abstain | Total Seats: 0 |
| Random fact: The majority of nations in Particracy are "Culturally Protected" with an established cultural background. Only the "Culturally Open" nations are not bound by the rules surrounding culture. The Cultural Protocols Index should be consulted for more information about the cultural situation of each nation. |
| Random quote: "If liberty and equality, as is thought by some are chiefly to be found in democracy, they will be best attained when all persons alike share in the government to the utmost." - Aristotle |