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Bill: Income Tax Act (Spring 2735)
Details
Submitted by[?]: Socialist Party of Cobura
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: January 2736
Description[?]:
| Resolved, that the Representative Assembly of the Republic of Cobura hereby adopts the proposed rates on the taxation of income as proposed by the Ministry of Finance: |
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 |
| > 5,000 COB | 10% | 19,219,000,000 COB |
| > 10,000 COB | 15% | 11,548,000,000 COB |
| > 15,000 COB | 25% | 7,867,000,000 COB |
| > 20,000 COB | 30% | 2,760,000,000 COB |
| > 25,000 COB | 35% | 1,318,000,000 COB |
| > 30,000 COB | 45% | 1,289,000,000 COB |
| > 35,000 COB | 50% | 415,000,000 COB | Total | 44,416,000,000 COB |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 267 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 233 |
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