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Bill: Tax cuts
Details
Submitted by[?]: Democratic Catholic Party
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: May 3059
Description[?]:
| The Future, Hope & Engagement 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% | 8,502,000,000 SOL |
| > 14,150 SOL | 19% | 134,005,000,000 SOL |
| > 28,300 SOL | 29% | 144,385,000,000 SOL |
| > 42,450 SOL | 35% | 112,489,000,000 SOL |
| > 56,600 SOL | 41% | 83,382,000,000 SOL |
| > 70,750 SOL | 46% | 76,266,000,000 SOL |
| > 84,900 SOL | 50% | 65,341,000,000 SOL |
| > 99,050 SOL | 52% | 80,279,000,000 SOL | Total | 704,649,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 15:09:48, January 10, 2011 CET | From |  Democratic Catholic Party | To | Debating the Tax cuts |
| Message | "We have a budget surplus. The FHE Party proposes 1% cut taxes for middle-low income and an increase of 2% those of the large landowners." Velio Maggiorelli, candidate of Finance for the FHE Party |
| Date | 15:34:18, January 10, 2011 CET | From | Coalition for National Unity [CNU] | To | Debating the Tax cuts |
| Message | "How many times? No man should be paying a majority of his own hard-earned wage to the Government no matter what tax bracket he is in. Why not spend the surplus taking people out of the tax system altogether instead of trying to deter growth and punish entrepreneurship?" Lord Byran, Shadow Finance Secretary, Former Finance Secretary, Former Defence Secretary, Former Justice Secretary |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 233 | |||
| no | Total Seats: 123 | |||
| abstain | Total Seats: 69 |
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