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Bill: Income tax proposal of February 5086
Details
Submitted by[?]: Novotriguniya - Новотригуния
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: October 5086
Description[?]:
| The Novotriguniya - Новотригуния propose to adjust the government's income tax policy to better address the economic situation of the Trigunskaya Federatsiya Sotsialisticheskoy Respubliki (Trigunia). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 35
Current: 30
Proposed: 20
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 40
Current: 10
Proposed: 10
Article 3
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 20
Current: 5
Proposed: 5
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 TRA | 12% | 19,144,000,000 TRA |
| > 5,000 TRA | 14% | 10,501,000,000 TRA |
| > 10,000 TRA | 14% | 3,315,000,000 TRA |
| > 18,000 TRA | 15% | 124,000,000 TRA | Total | 33,084,000,000 TRA |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 750 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Culturally Open nations can adopt advisory/non-enforceable Nation Descriptions. See http://forum.particracy.net/viewtopic.php?f=5&t=6242 |
| Random quote: "Power corrupts, and absolute power corrupts absolutely." - John Dalberg-Acton |