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Bill: Income tax proposal of February 4485
Details
Submitted by[?]: Trade Union and Socialist Coalition
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: February 4486
Description[?]:
| The Trade Union and Socialist Coalition propose to adjust the government's income tax policy to better address the economic situation of the Holy Luthori Empire. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 20
Proposed: 26
Article 2
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 |
| > 200 LPD | 16% | 17,145,000,000 LPD |
| > 2,100 LPD | 30% | 39,462,000,000 LPD |
| > 4,500 LPD | 47% | 40,453,000,000 LPD |
| > 6,500 LPD | 68% | 48,897,000,000 LPD |
| > 9,000 LPD | 81% | 31,715,000,000 LPD |
| > 11,000 LPD | 85% | 23,517,000,000 LPD |
| > 13,000 LPD | 90% | 29,464,000,000 LPD |
| > 19,000 LPD | 94% | 12,786,000,000 LPD | Total | 243,439,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||||
| yes | Total Seats: 0 | |||||
| no |
Total Seats: 121 | |||||
| abstain | Total Seats: 324 |
| 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: "No man has ever been born a Negro hater, a Jew hater, or any other kind of hater. Nature refuses to be involved in such suicidal practices." - Harry Bridges |