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Bill: Income tax proposal of May 2512
Details
Submitted by[?]: Coalition for National Unity [CNU]
Status[?]: defeated
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: January 2513
Description[?]:
| The Conservative and Morality Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Solentia. We vouge to cut taxes signifcantly and to lower Corporation tax by 50%. Sales tax on Luxery goods may be risen to help pay for these cuts, as well as multiple forms of Privitisation accross the board. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 8
Current: 0
Proposed: 4
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 4
Current: 0
Proposed: 5
Article 3
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 |
| > 30,000 SOL | 2% | 7,133,000,000 SOL |
| > 40,000 SOL | 3% | 7,792,000,000 SOL |
| > 50,000 SOL | 4% | 15,561,000,000 SOL |
| > 75,000 SOL | 6% | 14,979,000,000 SOL |
| > 100,000 SOL | 7% | 3,697,000,000 SOL |
| > 110,000 SOL | 9% | 3,697,000,000 SOL |
| > 120,000 SOL | 10% | 3,135,000,000 SOL |
| > 130,000 SOL | 11% | 1,966,000,000 SOL |
| > 140,000 SOL | 13% | 637,000,000 SOL | Total | 58,597,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes | Total Seats: 163 | ||||
| no |
Total Seats: 223 | ||||
| abstain | Total Seats: 39 |
| Random fact: Hundreds of vessels were lost while traversing the cold waters of the Sea of Lost Souls. It is located between Seleya and Majatra. |
| Random quote: "The root source of wealth is human ingenuity. This has no known bounds, so the amount of wealth in existence can always be increased. That's why capitalism is called 'making money.'" - Marc Geddes |