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Bill: [by LPU] Cut income and corporation taxes by 16%
Details
Submitted by[?]: Libertarian Party for Unity (LPU)
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: January 5139
Description[?]:
| Income & corporation taxes can be cut by 16% while still running a budget surplus. This bill will be put on vote if we manage to form a cabinet with LPU in it. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 45
Current: 15
Proposed: 38
Article 2
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 BEL | 2% | 4,778,000,000 BEL |
| > 15,000 BEL | 6% | 9,736,000,000 BEL |
| > 20,000 BEL | 13% | 13,369,000,000 BEL |
| > 25,000 BEL | 21% | 12,867,000,000 BEL |
| > 30,000 BEL | 26% | 10,743,000,000 BEL |
| > 35,000 BEL | 30% | 6,864,000,000 BEL |
| > 40,000 BEL | 34% | 5,859,000,000 BEL |
| > 45,000 BEL | 38% | 9,369,000,000 BEL | Total | 73,585,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 429 | |||
| no |
Total Seats: 285 | |||
| abstain |
Total Seats: 0 |
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