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Bill: Income tax proposal of January 4577
Details
Submitted by[?]: Democratic Change Movement
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: May 4578
Description[?]:
| The Democratic Change Movement propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 18
Current: 33
Proposed: 35
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 |
| > 1,000 RUT | 30% | 56,209,000,000 RUT |
| > 5,000 RUT | 35% | 23,325,000,000 RUT |
| > 10,000 RUT | 40% | 5,879,000,000 RUT |
| > 15,000 RUT | 45% | 1,280,000,000 RUT | Total | 86,693,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||||
| yes | Total Seats: 582 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 168 |
| Random fact: Real-life religions should not be referenced in Particracy. Terra has its own religions, many of which mirror real-life ones. See: http://particracy.wikia.com/wiki/Illustrated_Catalogue_of_Religion |
| Random quote: "The moral justification of capitalism does not lie in the altruist claim that it represents the best way to achieve 'the common good.' It is true that capitalism does, if that catch-phrase has any meaning, but this is merely a secondary consequence. The moral justification for capitalism lies in the fact that it is the only system consonant with man's rational nature, that it protects man's survival qua man, and that its ruling principle is justice." - Ayn Rand |