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Bill: Tax proposals of June 4671
Details
Submitted by[?]: Factio Laboris
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: February 4672
Description[?]:
| The Factio Laboris propose to adjust the government's income tax policy to better address the economic situation of the Popularis Reipublicae Seluciae. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 30
Proposed: 25
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 18
Current: 0
Proposed: 15
Article 3
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 9
Current: 35
Proposed: 30
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 |
| > 1,500 SEN | 25% | 49,026,000,000 SEN |
| > 5,000 SEN | 35% | 57,278,000,000 SEN |
| > 10,000 SEN | 40% | 29,955,000,000 SEN |
| > 15,000 SEN | 45% | 19,017,000,000 SEN |
| > 20,000 SEN | 50% | 13,005,000,000 SEN |
| > 25,000 SEN | 55% | 7,163,000,000 SEN |
| > 30,000 SEN | 60% | 6,488,000,000 SEN | Total | 181,932,000,000 SEN |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 125 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Unless otherwise stated, monarchs and their royal houses will be presumed to be owned by the player who introduced the bill appointing them to their position. |
| Random quote: "Man is by nature a political animal." - Aristotle |