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Bill: Progressive Income Tax Act of 5377 - Important
Details
Submitted by[?]: Hosian Socialist Party (HSP)
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: July 5378
Description[?]:
| We propose a proper progressive income tax, increasing by lot the income we got as well ensuring greater income equality in Baltusia! |
Proposals
Article 1
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 |
| > 50,000 BLD | 10% | 39,334,000,000 BLD |
| > 75,000 BLD | 25% | 29,729,000,000 BLD |
| > 100,000 BLD | 40% | 15,697,000,000 BLD |
| > 150,000 BLD | 65% | 13,497,000,000 BLD | Total | 98,257,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes | Total Seats: 239 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 211 |
| Random fact: Before choosing a nation, you may wish to research it first. For more information on the cultural backgrounds of the nations, please see the Cultural Protocols Index: http://forum.particracy.net/viewtopic.php?f=11&t=6365 |
| Random quote: "I'm the motherfucking Premier of Kalistan. It don't get more full time than that!" - Omar Al-Khali, former Kalistani politician |