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Bill: First Finances Review Act 3044
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 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 3044
Description[?]:
| The Unionist Party (CUP) propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Solentia. |
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 |
| > 12,000 SOL | 7% | 8,494,000,000 SOL |
| > 14,150 SOL | 20% | 140,923,000,000 SOL |
| > 28,300 SOL | 29% | 144,235,000,000 SOL |
| > 42,450 SOL | 35% | 112,359,000,000 SOL |
| > 56,600 SOL | 41% | 83,301,000,000 SOL |
| > 70,750 SOL | 46% | 76,203,000,000 SOL |
| > 84,900 SOL | 50% | 65,290,000,000 SOL |
| > 99,050 SOL | 50% | 77,149,000,000 SOL | Total | 707,954,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 18:57:46, December 12, 2010 CET | From |  Coalition for National Unity [CNU] | To | Debating the First Finances Review Act 3044 |
| Message | "This Act shall ensure that the poorest are not hit the hardest. Voting for this Act shall formalise under law that our citizens are not taxed at all on the first 12000 SOL they earn and that the tax brackets after that point, remain the same so that the burden is not simply being shifted to the middle classes. It shall also ensure that only those who can afford that first 7% bracket mark will pay it." Lord Bryan, Finance Secretary |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 258 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 167 |
| Random fact: Head to the "Language assistance" thread to receive and offer help with translations: http://forum.particracy.net/viewtopic.php?f=5&t=6368 |
| Random quote: "The issues are much too important for the Chilean voters to be left to decide for themselves." - Henry Kissinger |