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Bill: Comprehensive Tax Reduction and Reform
Details
Submitted by[?]: Lojālistu liberālā partija
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: March 5111
Description[?]:
| This tax reform bill will restore the system prevalent during the time Dolgava experienced its greatest prosperity; personal income tax and corporation tax will be eliminated entirely, and the government will henceforth only raise revenue from sales taxes. The total average tax bill will be cut dramatically for individuals and businesses alike. This reform is necessary to allow the people to work, save, and invest again, as well as to make Dolgava an attractive location for foreign investment. Juhans Viļums Minister of Finance |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 50
Current: 20
Proposed: 0
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 5
Proposed: 5
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 19
Current: 5
Proposed: 35
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 |
| > 10,000,000 DLD | 1% | 0 DLD | Total | 0 DLD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 300 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Voters have an extra appreciation for bills that actually get passed, so if you want to maximally take profit from your votes, make sure you compromise with others. |
| Random quote: "Politics have no relation to morals." - Niccolo Machiavelli |