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Bill: Income tax proposal of January 2906
Details
Submitted by[?]: Coalition for National Unity [CNU]
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: September 2906
Description[?]:
| The Conservative and Unionist 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 Sales tax on luxury goods.
Old value:: 5
Current: 0
Proposed: 7
Article 2
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 |
| > 26,000 SOL | 1% | 3,960,000,000 SOL |
| > 36,000 SOL | 5% | 6,351,000,000 SOL |
| > 40,000 SOL | 11% | 28,635,000,000 SOL |
| > 50,000 SOL | 15% | 28,754,000,000 SOL |
| > 60,000 SOL | 20% | 39,629,000,000 SOL |
| > 75,000 SOL | 25% | 62,515,000,000 SOL |
| > 100,000 SOL | 32% | 47,392,000,000 SOL | Total | 217,236,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 78 | ||
| no | Total Seats: 22 | ||
| abstain |
Total Seats: 0 |
| 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: Although I understand and respect the intentions behind the gesture, this is not something that is universally understood or appreciated, and it tends to give out a negative impression of our party. ~ Anton Weinreich, General Secretary of the Dorvish Communist Party, pleading with his members to stop burning the national flag |