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Bill: Income tax proposal of February 2487
Details
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[?]:
| Reducing the top rate of income tax, and making those who earn 1000 or more pay 5%, to make the system fairer than a sharp increase to 10%. |
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 |
| > 1,000 TRA | 5% | 2,865,000,000 TRA |
| > 2,000 TRA | 10% | 5,518,000,000 TRA |
| > 3,000 TRA | 15% | 6,425,000,000 TRA |
| > 4,000 TRA | 20% | 6,625,000,000 TRA |
| > 5,000 TRA | 25% | 5,962,000,000 TRA |
| > 6,000 TRA | 30% | 5,006,000,000 TRA |
| > 7,000 TRA | 35% | 4,768,000,000 TRA |
| > 8,000 TRA | 40% | 18,196,000,000 TRA | Total | 55,365,000,000 TRA |
Debate
These messages have been posted to debate on this bill:
| Date | 22:36:39, November 16, 2007 CET | From |  Royalist Alliance | To | Debating the Income tax proposal of February 2487 |
| Message | Unfortunately we have to disargee in this, we should turn our eyes towards flat tax and stop punishing people for earning more. We need this economy to fully recover from decades of communist rule. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 393 | |||||
| no |
Total Seats: 162 | |||||
| abstain | Total Seats: 0 |
| Random fact: Don't put "the" as the first word in your party name, because when parties are referred to in news reports, their names are preceded with "the", e.g. the [Socialist Party] has lost. |
| Random quote: "Hatred is not, and should never be considered as another form of freedom of expression." - Icarion Dadhelus, former Selucian politician |