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Bill: Income tax proposal of August 2787
Details
Submitted by[?]: Walruzyjska Partia Libertariańska
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: April 2788
Description[?]:
| The Valruzian Communist Party propose to adjust the government's income tax policy to better address the economic situation of the Valruzian Federation. A tax cut of roughly $40 billion Pesos for the poor. |
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 |
| > 7,500 VPO | 4% | 17,108,000,000 VPO |
| > 15,000 VPO | 6% | 15,090,000,000 VPO |
| > 20,000 VPO | 9% | 17,108,000,000 VPO |
| > 25,000 VPO | 22% | 30,640,000,000 VPO |
| > 30,000 VPO | 29% | 31,877,000,000 VPO |
| > 35,000 VPO | 38% | 30,423,000,000 VPO |
| > 40,000 VPO | 51% | 55,825,000,000 VPO |
| > 50,000 VPO | 64% | 49,149,000,000 VPO |
| > 60,000 VPO | 66% | 26,303,000,000 VPO |
| > 70,000 VPO | 69% | 36,219,000,000 VPO |
| > 100,000 VPO | 72% | 4,094,000,000 VPO | Total | 313,836,000,000 VPO |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 185 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 40 |
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