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Bill: Tax Code Reform Proposal of July 4515
Details
Submitted by[?]: Front Ludowy
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: April 4516
Description[?]:
| The Front Ludowy 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
Proposal[?] to change The government's stance on a salary cap.
Old value:: The government has no stance on a salary cap.
Current: The government has no stance on a salary cap.
Proposed: The government enforces a salary cap.
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 19
Current: 21
Proposed: 33
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 23
Current: 15
Proposed: 29
Article 4
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 23
Current: 10
Proposed: 22
Article 5
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 |
| > 5,000 VPO | 1% | 2,291,000,000 VPO |
| > 9,000 VPO | 8% | 47,552,000,000 VPO |
| > 20,000 VPO | 17% | 32,366,000,000 VPO |
| > 25,000 VPO | 20% | 27,893,000,000 VPO |
| > 30,000 VPO | 24% | 45,652,000,000 VPO |
| > 40,000 VPO | 28% | 30,681,000,000 VPO |
| > 50,000 VPO | 37% | 37,902,000,000 VPO |
| > 65,000 VPO | 42% | 11,807,000,000 VPO |
| > 75,000 VPO | 52% | 20,143,000,000 VPO |
| > 100,000 VPO | 75% | 4,291,000,000 VPO | Total | 260,578,000,000 VPO |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 263 | |
| no | Total Seats: 202 | |
| abstain | Total Seats: 0 |
| Random fact: The influence a bill has on elections decreases over time, until it eventually is no longer relevant. This can explain shifts in your party's position to the electorate and your visibility. |
| Random quote: "What difference does it make to the dead, the orphans, and the homeless, whether the mad destruction is wrought under the name of totalitarianism or the holy name of liberty and democracy?" - Mahatma Gandhi. |