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Bill: Income tax proposal of August 2406
Details
Submitted by[?]: Federal Independent 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: April 2407
Description[?]:
| The Xzarin Catholic Party propose to adjust the government's income tax policy to better address the economic situation of the People's Republic of Solentia. If the War on Terror is to succeed, revenue will need to increase. |
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 |
| > 5,000 SOL | 1% | 2,822,000,000 SOL |
| > 10,000 SOL | 2% | 5,644,000,000 SOL |
| > 15,000 SOL | 2% | 5,568,000,000 SOL |
| > 20,000 SOL | 3% | 7,162,000,000 SOL |
| > 25,000 SOL | 3% | 6,258,000,000 SOL |
| > 30,000 SOL | 3% | 5,844,000,000 SOL |
| > 35,000 SOL | 4% | 6,477,000,000 SOL |
| > 40,000 SOL | 4% | 5,610,000,000 SOL |
| > 45,000 SOL | 7% | 8,367,000,000 SOL |
| > 50,000 SOL | 8% | 31,136,000,000 SOL |
| > 75,000 SOL | 13% | 21,319,000,000 SOL |
| > 90,000 SOL | 15% | 12,869,000,000 SOL |
| > 100,000 SOL | 20% | 14,826,000,000 SOL |
| > 115,000 SOL | 25% | 4,945,000,000 SOL |
| > 120,000 SOL | 30% | 5,191,000,000 SOL |
| > 125,000 SOL | 31% | 4,354,000,000 SOL |
| > 130,000 SOL | 32% | 3,612,000,000 SOL |
| > 135,000 SOL | 33% | 2,170,000,000 SOL |
| > 140,000 SOL | 35% | 1,714,000,000 SOL | Total | 155,888,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 100 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 0 |
| Random fact: Use a valid e-mail address for your Particracy account. If the e-mail address you entered does not exist, your account may be suspected of multi-accounting and inactivated. |
| Random quote: "Benefits should be conferred gradually; and in that way they will taste better." - Niccolo Machiavelli |