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Bill: Income tax proposal of October 4721
Details
Submitted by[?]: Kobura Laborista Partio
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: June 4722
Description[?]:
| The Kobura Laborista Partio propose to adjust the government's income tax policy to better address the economic situation of the Yetebaberuti ya Kobura (Union of Cobura). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 25
Proposed: 45
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 45
Proposed: 25
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 |
| > 1,000 COB | 15% | 34,017,000,000 COB |
| > 5,000 COB | 35% | 94,213,000,000 COB |
| > 15,000 COB | 50% | 20,335,000,000 COB |
| > 25,000 COB | 65% | 4,309,000,000 COB |
| > 35,000 COB | 85% | 706,000,000 COB | Total | 153,580,000,000 COB |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 100 | |
| no | Total Seats: 0 | |
| abstain |
Total Seats: 0 |
| Random fact: If there are no parties in your nation with seats, feel free to visit the forum and request an early election on the Early Election Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4362 |
| Random quote: "Democracy is in peril." - Ralph Nader (referring to turnout in the 1996 US presidential election) |