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Bill: Income tax proposal of June 4791
Details
Submitted by[?]: People's Republican Party (PRP)
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: February 4792
Description[?]:
The People's Republican Party (PRP) propose to adjust the government's income tax policy to better address the economic situation of the United States of Baltusia (Baltusia). Two tax brackets were giving us no money whatsoever. There was no point in having them, so we are scrapping them in this budget we are also combining tax brackets at the lower level. With this setup, we get a simplified tax code, a more robust middle class, more savings among the lower income, and more money for us. It's quite literally a win for everyone. |
Proposals
Article 1
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 |
> 12,000 BLD | 8% | 95,426,000,000 BLD |
> 35,000 BLD | 25% | 240,030,000,000 BLD |
> 100,000 BLD | 35% | 11,642,000,000 BLD |
> 140,000 BLD | 40% | 10,709,000,000 BLD | Total | 357,807,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |||
yes | Total Seats: 394 | |||
no | Total Seats: 0 | |||
abstain | Total Seats: 356 |
Random fact: Once approved, players should copy Cultural Protocols into a bill in the debate section of their nation page, under the title of "OOC: Cultural Protocols". This bill should include links to the passed Cultural Protocol bill and the Moderation approval. |
Random quote: "The payment of taxes gives a right to protection." - James M. Wayne |