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Bill: Senate Resolution 94: National Financial Alteration Package Part I
Details
Submitted by[?]: Federal Independent 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 not pass any sooner than the deadline.
Voting deadline: October 2642
Description[?]:
| The Federal Independent Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Solentia. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 2
Current: 0
Proposed: 3
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 2
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 |
| > 25,000 SOL | 3% | 24,733,000,000 SOL |
| > 50,000 SOL | 4% | 15,545,000,000 SOL |
| > 75,000 SOL | 5% | 12,468,000,000 SOL |
| > 100,000 SOL | 6% | 4,440,000,000 SOL |
| > 115,000 SOL | 7% | 5,170,000,000 SOL | Total | 62,356,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 224 | ||||
| no | Total Seats: 138 | ||||
| abstain | Total Seats: 63 |
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