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Bill: Income tax proposal of May 4421
Details
Submitted by[?]: Czas Patriotów
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: January 4422
Description[?]:
| The Czas Patriotów propose to adjust the government's income tax policy to better address the economic situation of the Rzeczpospolita Walruzyjska (Republic of Valruzia). |
Proposals
Article 1
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 |
| > 9,000 VPO | 10% | 34,279,000,000 VPO |
| > 15,000 VPO | 14% | 35,302,000,000 VPO |
| > 20,000 VPO | 18% | 34,302,000,000 VPO |
| > 25,000 VPO | 22% | 30,713,000,000 VPO |
| > 30,000 VPO | 23% | 43,794,000,000 VPO |
| > 40,000 VPO | 27% | 29,616,000,000 VPO |
| > 50,000 VPO | 28% | 28,717,000,000 VPO |
| > 65,000 VPO | 33% | 9,286,000,000 VPO |
| > 75,000 VPO | 36% | 9,680,000,000 VPO |
| > 90,000 VPO | 38% | 4,526,000,000 VPO |
| > 100,000 VPO | 43% | 2,456,000,000 VPO | Total | 262,671,000,000 VPO |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes |
Total Seats: 343 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 122 |
| Random fact: Particracy does not allow real-life fictional references (eg. Gandalf, Harry Potter, Luke Skywalker). |
| Random quote: "There are many men of principle in both parties in America, but there is no party of principle." - Alexis de Tocqueville |