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Bill: Income tax proposal of June 4454
Details
Submitted by[?]: Republican Party - Democrats
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: August 4456
Description[?]:
| The Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the United States of Baltusia. The Finance Minister has identified 14 Billion BLD of budget savings (http://classic.particracy.net/viewbill.php?billid=581156). The Finance Minister proposes that these savings are used to fund an increase in the threshold from 4000BLD to 10000BLD for the lower rate of income tax. |
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 |
| > 10,000 BLD | 5% | 29,382,000,000 BLD |
| > 20,000 BLD | 25% | 292,587,000,000 BLD |
| > 50,000 BLD | 30% | 153,880,000,000 BLD |
| > 100,000 BLD | 50% | 29,980,000,000 BLD | Total | 505,829,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 00:45:18, September 16, 2018 CET | From | Republican Party - Nationalists | To | Debating the Income tax proposal of June 4454 |
| Message | We support and applaud the Democratic Party for this change in tax policy. The everyday Baltusian deserves to have a break. |
| Date | 11:21:53, September 17, 2018 CET | From | Republican Party - Democrats | To | Debating the Income tax proposal of June 4454 |
| Message | Following the passage of the spending Bill we propose pushing this to vote. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 194 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 56 |
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