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Bill: Income tax proposal of March 3095
Details
Submitted by[?]: Democratic Catholic Party
Status[?]: defeated
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: November 3095
Description[?]:
| The Future, Hope & Engagement (CFu) 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 |
| > 14,150 SOL | 18% | 126,820,000,000 SOL |
| > 28,300 SOL | 30% | 149,210,000,000 SOL |
| > 42,450 SOL | 40% | 128,425,000,000 SOL |
| > 56,600 SOL | 43% | 87,314,000,000 SOL |
| > 70,750 SOL | 48% | 79,443,000,000 SOL |
| > 84,900 SOL | 50% | 65,228,000,000 SOL |
| > 99,050 SOL | 52% | 80,146,000,000 SOL | Total | 716,586,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 17:38:31, March 24, 2011 CET | From |  Labour Party | To | Debating the Income tax proposal of March 3095 |
| Message | This tax is only regressive. Senator Brandon Helmkamp SDLP Vice Chancellor |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 184 | ||
| no |
Total Seats: 140 | ||
| abstain | Total Seats: 101 |
| Random fact: Any RP law granting extraordinary "emergency powers" or dictator-like powers to a government must be passed by at least a 2/3rds majority, but (like all RP laws) may always be overturned by a simple majority vote of the legislature. |
| Random quote: "Under capitalism, man exploits man. Under communism, it's just the opposite." - John Kenneth Galbraith |