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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: Labour unions and organizations of employers negotiate 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: 10
Proposed: 33
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 23
Current: 30
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% | 2,287,000,000 VPO |
| > 9,000 VPO | 8% | 47,451,000,000 VPO |
| > 20,000 VPO | 17% | 32,301,000,000 VPO |
| > 25,000 VPO | 20% | 27,842,000,000 VPO |
| > 30,000 VPO | 24% | 45,575,000,000 VPO |
| > 40,000 VPO | 28% | 30,637,000,000 VPO |
| > 50,000 VPO | 37% | 37,846,000,000 VPO |
| > 65,000 VPO | 42% | 11,780,000,000 VPO |
| > 75,000 VPO | 52% | 20,129,000,000 VPO |
| > 100,000 VPO | 75% | 4,264,000,000 VPO | Total | 260,112,000,000 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: Players are expected to behave in a courteous, co-operative manner and make a reasonable effort to act with the consent of all players involved, even where the rules do not make consent strictly necessary. In particular, players have a responsibility to take reasonable care that other players are not misinformed either about the role-play or the Game Rules. |
| Random quote: "Isn't it about time that the US government stop supporting dictatorships and avaricious oligarchies with our tax monies, munitions, and diplomacy?" - Ralph Nader |