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Bill: Tax Reform Act of 2344
Details
Submitted by[?]: Renewal Party
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: December 2344
Description[?]:
| This bill will nearly complete the income and sales tax reforms of the Renewal Party. Income taxes will be eliminated for wage earners in the bottom 75% of the population. The sales tax on essential goods has already been eliminated through the efforts of the Renewal Party and its allies. This bill will increase the sales tax on luxury goods. This will encourage the wealthy to invest their money rather than consume it. This will provide more jobs for the citizens on Endralon. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 45
Current: 27
Proposed: 50
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 |
| > 7,000 END | 10% | 10,587,000,000 END |
| > 10,000 END | 20% | 37,487,000,000 END | Total | 48,074,000,000 END |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 212 | |||
| no |
Total Seats: 113 | |||
| abstain |
Total Seats: 75 |
| Random fact: Real-life religions should not be referenced in Particracy. Terra has its own religions, many of which mirror real-life ones. See: http://particracy.wikia.com/wiki/Illustrated_Catalogue_of_Religion |
| Random quote: "The European Union and environmental advocacy groups use global warming hysteria to advance their own special agendas. The European Union recognizes any significant reduction in CO2 emissions by the United States will significantly reduce its economic output, thereby bringing it closer to the inferior output of European nations. Environmental advocacy groups work to stifle economic and industrial progress wherever they find it to inhibit the successful advancement of peoples in developing nations, inevitably making mankind a second class citizen of planet Earth." - Dr. Jay Lehr |