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Bill: LP-06 - Tax Relief Act (TRA) 4639
Details
Submitted by[?]: Imperial Party of Baltusia (IPB)
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: March 4640
Description[?]:
| The Libertarian Party (LP) propose to adjust the government's income tax policy to better address the economic situation of the United States of Baltusia. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 17
Current: 0
Proposed: 15
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 2
Current: 0
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 24
Current: 0
Proposed: 20
Article 4
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 BLD | 10% | 140,412,000,000 BLD |
| > 24,000 BLD | 15% | 227,753,000,000 BLD | Total | 368,165,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 376 | |||
| no |
Total Seats: 0 | |||
| abstain |
Total Seats: 39 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "The trouble with communism is the communists, just as the trouble with Christianity is the Christians" - Henry Louis Mencken |