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Bill: Income tax proposal of August 4653
Details
Submitted by[?]: Ultrackian Communist Party
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 4654
Description[?]:
| The Ultrackian Socialist Party of Hutori propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Hutori. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 9
Proposed: 35
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 40
Current: 27
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 |
| > 19,999 HLR | 5% | 33,352,000,000 HLR |
| > 39,999 HLR | 10% | 18,815,000,000 HLR |
| > 49,999 HLR | 20% | 28,005,000,000 HLR |
| > 59,999 HLR | 30% | 30,592,000,000 HLR |
| > 69,999 HLR | 40% | 25,906,000,000 HLR |
| > 79,999 HLR | 55% | 23,076,000,000 HLR |
| > 89,999 HLR | 65% | 20,782,000,000 HLR |
| > 99,999 HLR | 75% | 11,088,000,000 HLR |
| > 109,999 HLR | 90% | 3,431,000,000 HLR | Total | 195,047,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 329 | ||||
| no |
Total Seats: 207 | ||||
| abstain |
Total Seats: 114 |
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| Random quote: "The greatest lesson in life is to know that even fools are right sometimes." - Winston Churchill |