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Bill: Income tax proposal of August 4878
Details
Submitted by[?]: Hizb Muasisiun
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 4879
Description[?]:
| The Hizb Muasisiun propose to adjust the government's income tax policy to better address the economic situation of the Jumhuriat al-Badara (Badara). |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 28
Current: 25
Proposed: 26
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 18
Current: 25
Proposed: 17
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 |
| > 7,500 BDR | 3% | 4,298,000,000 BDR |
| > 10,000 BDR | 4% | 22,921,000,000 BDR |
| > 20,000 BDR | 8% | 91,683,000,000 BDR |
| > 40,000 BDR | 13% | 133,995,000,000 BDR |
| > 60,000 BDR | 18% | 146,894,000,000 BDR |
| > 80,000 BDR | 23% | 126,400,000,000 BDR |
| > 100,000 BDR | 28% | 107,969,000,000 BDR |
| > 120,000 BDR | 33% | 251,875,000,000 BDR | Total | 886,035,000,000 BDR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 450 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Particracy is set in the fictional world of Terra, which mirrors the real world of today and yet is not quite like it. |
| Random quote: "Our greatest glory is not in never falling, but in rising every time we fall." - Confucius |