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Bill: IPB-11 - Baltusian Tax Act (BTA) 4699
Details
Submitted by[?]: Imperial Party of Baltusia (IPB)
Status[?]: defeated
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 4700
Description[?]:
| The Imperial Party of Baltusia (IPB) 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:: 16
Current: 0
Proposed: 50
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 0
Proposed: 50
Article 3
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 25
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 | 50% | 1,172,811,000,000 BLD |
| > 50,000 BLD | 75% | 295,497,000,000 BLD |
| > 75,000 BLD | 90% | 161,384,000,000 BLD | Total | 1,629,692,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 00:04:05, January 23, 2020 CET | From | Working People's Party (WPP) | To | Debating the IPB-11 - Baltusian Tax Act (BTA) 4699 |
| Message | We have a surplus in budget, raising taxes is not needed and it will hurt our people. WPP is against this bill. |
| Date | 04:51:05, January 23, 2020 CET | From | Liberal Democratic Party (LDP) | To | Debating the IPB-11 - Baltusian Tax Act (BTA) 4699 |
| Message | What in the world is this bill? No way we’re voting for this bill. |
| Date | 06:52:17, January 23, 2020 CET | From | Technocratic Party of Baltusia (TPB) | To | Debating the IPB-11 - Baltusian Tax Act (BTA) 4699 |
| Message | We disagree with the last article |
| Date | 03:02:11, January 24, 2020 CET | From | Moderate Republican Party (MRP) | To | Debating the IPB-11 - Baltusian Tax Act (BTA) 4699 |
| Message | We will vote no. |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 35 | ||||||
| no |
Total Seats: 77 | ||||||
| abstain | Total Seats: 13 |
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