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Bill: Income tax proposal of May 2445
Details
Submitted by[?]: Gao-Showa Imperial 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: January 2446
Description[?]:
| Combined with proposed spending cuts this will lower the tax burden for a large part of the population and cut the government's excessive revenue take. |
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 |
| > 100 HCR | 5% | 19,659,000,000 HCR |
| > 7,000 HCR | 20% | 459,602,000,000 HCR | Total | 479,261,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
| Date | 20:37:52, August 21, 2007 CET | From |  Sectual Congress | To | Debating the Income tax proposal of May 2445 |
| Message | An 8k per year household should not have to pay the same percentage as a 100k household. The 8k household needs pretty much all the money they earn to get by. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 251 | |||||
| no |
Total Seats: 249 | |||||
| abstain | Total Seats: 0 |
| Random fact: If you want to leave Particracy, please inactivate yourself on your user page to save the moderation team some time. |
| Random quote: "It is obvious that the laissez-faire ideology represents the interests of big business. For decades, the right-wing has opposed welfare programs and nationalised companies, in favour of big business disguised under 'economic liberty'." - Cecilia Xu, former Gaduri politician |