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Bill: Income tax proposal of September 4613
Details
Submitted by[?]: House Of Banmek-Steuart-Vrnhmel
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 4614
Description[?]:
| The House Of Banmek-Steuart-Vrnhmel propose to adjust the government's income tax policy to better address the economic situation of the Wrnukaék Konzknstat (Vanuku). |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 10
Proposed: 15
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 30
Current: 25
Proposed: 50
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 |
| > 15,000 VAN | 15% | 120,027,000,000 VAN |
| > 30,000 VAN | 30% | 117,947,000,000 VAN |
| > 45,000 VAN | 45% | 115,654,000,000 VAN |
| > 60,000 VAN | 60% | 274,093,000,000 VAN | Total | 627,721,000,000 VAN |
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: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "I did not have sexual relations with that woman." - Bill Clinton |