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Bill: Income tax proposal of March 4561
Details
Submitted by[?]: Græna Demókratar (Green Democrates)
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: November 4561
Description[?]:
| In order to pay for a decent and functioning state (and to pay for our deficit), we need to have decent tax rate or else our entire state might fell apart. The Minister of Finance Fjolar Osvaldsson propose this new tax rate to better adress our economic situation. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 5
Current: 45
Proposed: 10
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 7
Current: 27
Proposed: 10
Article 3
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 TPD | 5% | 4,223,000,000 TPD |
| > 10,000 TPD | 12% | 2,642,000,000 TPD |
| > 15,000 TPD | 18% | 927,000,000 TPD |
| > 18,000 TPD | 26% | 738,000,000 TPD | Total | 8,530,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 750 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: Moderation reserves the discretion to declare RP laws invalid if the players supporting them are doing so in an excessively confrontational way. |
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