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Bill: Income tax proposal of February 5183
Details
Submitted by[?]: Sozialistische Einheitspartei Dundorfs
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 5183
Description[?]:
| The Sozialistische Einheitspartei Dundorfs propose to adjust the government's income tax policy to better address the economic situation of the Dundorfische Demokratische Republik (Dundorf). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 50
Current: 18
Proposed: 85
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 1
Current: 4
Proposed: 5
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 30
Current: 20
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 |
| > 1 DUM | 5% | 2,907,000,000 DUM |
| > 1,000 DUM | 15% | 34,915,000,000 DUM |
| > 5,000 DUM | 25% | 43,644,000,000 DUM |
| > 8,000 DUM | 33% | 38,407,000,000 DUM |
| > 10,000 DUM | 40% | 116,384,000,000 DUM |
| > 15,000 DUM | 43% | 242,987,000,000 DUM |
| > 25,000 DUM | 50% | 303,151,000,000 DUM |
| > 40,000 DUM | 60% | 255,432,000,000 DUM |
| > 60,000 DUM | 75% | 262,775,000,000 DUM |
| > 100,000 DUM | 95% | 79,658,000,000 DUM | Total | 1,380,260,000,000 DUM |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 135 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 104 |
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