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Bill: Income tax proposal of April 3019
Details
Submitted by[?]: Social Democratic Party of Saridan
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: December 3019
Description[?]:
| The Social Democratic Party of Saridan propose to adjust the government's income tax policy to better address the economic situation of the Saridani Union and in order to redistribute the wealthy in a progressive tax system. |
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 |
| > 300 SAD | 1% | 183,000,000 SAD |
| > 625 SAD | 5% | 1,756,000,000 SAD |
| > 1,250 SAD | 10% | 7,026,000,000 SAD |
| > 2,500 SAD | 15% | 21,078,000,000 SAD |
| > 5,000 SAD | 20% | 56,207,000,000 SAD |
| > 10,000 SAD | 25% | 127,287,000,000 SAD |
| > 20,000 SAD | 30% | 88,067,000,000 SAD |
| > 30,000 SAD | 35% | 56,894,000,000 SAD |
| > 40,000 SAD | 40% | 44,489,000,000 SAD |
| > 50,000 SAD | 45% | 24,011,000,000 SAD |
| > 60,000 SAD | 50% | 12,572,000,000 SAD |
| > 70,000 SAD | 55% | 6,248,000,000 SAD |
| > 80,000 SAD | 60% | 2,301,000,000 SAD |
| > 84,000 SAD | 64% | 53,000,000 SAD | Total | 448,172,000,000 SAD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 55 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 50 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "Up against the corporate government, voters find themselves asked to choose between look-alike candidates from two parties vying to see who takes the marching orders from their campaign paymasters and their future employers. The money of vested interest nullifies genuine voter choice and trust." - Ralph Nader |