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Bill: Income tax proposal of June 2639
Details
Submitted by[?]: We Say So! 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: February 2640
Description[?]:
The We Say So! Party propose to adjust the government's income tax policy to better address the economic situation of the Second Imperial Republic of Hobrazia. Reduction of 1% for all taxable income up to 40,000HCR effecting all taxable income levels. Levels in conjunction with recently announced budget modifications will still leave a budget surplus. Additional tax cuts may then be announced dependent upon surplus levels. |
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 HCR | 13% | 95,654,000,000 HCR |
> 40,000 HCR | 29% | 99,362,000,000 HCR |
> 60,000 HCR | 54% | 157,208,000,000 HCR | Total | 352,224,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |||||
yes |
Total Seats: 201 | |||||
no | Total Seats: 0 | |||||
abstain | Total Seats: 199 |
Random fact: Players who deliberately attempt to present a misleading picture of the nation's current RP laws will be subject to sanction. |
Random quote: "Benefits should be conferred gradually; and in that way they will taste better." - Niccolo Machiavelli |