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Bill: Income tax proposal of August 2486
Details
Submitted by[?]: HaLeumit Tikvah
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: October 2487
Description[?]:
| Our current budget surplus allows us to eliminate several tax brackets, which will see taxes on Beiteynus impoverished completely scrapped. -Yakov Eleazar, Finance Minister |
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 |
| > 20,000 BEI | 4% | 22,467,000,000 BEI |
| > 30,000 BEI | 8% | 27,682,000,000 BEI |
| > 40,000 BEI | 12% | 30,238,000,000 BEI |
| > 50,000 BEI | 16% | 30,023,000,000 BEI |
| > 60,000 BEI | 20% | 33,402,000,000 BEI |
| > 70,000 BEI | 24% | 35,882,000,000 BEI |
| > 80,000 BEI | 28% | 36,388,000,000 BEI |
| > 90,000 BEI | 32% | 38,194,000,000 BEI |
| > 100,000 BEI | 36% | 59,396,000,000 BEI |
| > 120,000 BEI | 42% | 44,345,000,000 BEI |
| > 140,000 BEI | 48% | 32,138,000,000 BEI | Total | 390,155,000,000 BEI |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||||
| yes |
Total Seats: 264 | ||||||
| no | Total Seats: 0 | ||||||
| abstain | Total Seats: 96 |
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