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Bill: Income tax proposal of January 3185
Details
Submitted by[?]: United National Front
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: November 3185
Description[?]:
| The United National Front 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 Tax percentage of the profit made by corporations.
Old value:: 22
Current: 0
Proposed: 20
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 0
Proposed: 12
Article 3
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 |
| > 7,000 SOL | 15% | 67,756,000,000 SOL |
| > 15,000 SOL | 20% | 55,702,000,000 SOL |
| > 20,000 SOL | 25% | 111,881,000,000 SOL |
| > 30,000 SOL | 30% | 58,458,000,000 SOL |
| > 35,000 SOL | 35% | 422,990,000,000 SOL | Total | 716,787,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 04:59:01, September 20, 2011 CET | From | United National Front | To | Debating the Income tax proposal of January 3185 |
| Message | Since the Government is having a huge 241 billion budget surplus we are proposing a wide range of tax cuts for all sectors of our economy. |
| Date | 10:47:41, September 20, 2011 CET | From | Democratic Catholic Party | To | Debating the Income tax proposal of January 3185 |
| Message | "We support this proposal" Kate House Science and Technology of SPP |
| Date | 19:22:17, September 20, 2011 CET | From | Labour Party | To | Debating the Income tax proposal of January 3185 |
| Message | Labour will support these common-sense tax solutions. |
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Voting
| Vote | Seats | ||||||||
| yes |
Total Seats: 425 | ||||||||
| no | Total Seats: 0 | ||||||||
| abstain | Total Seats: 0 |
| Random fact: Unless otherwise stated, monarchs and their royal houses will be presumed to be owned by the player who introduced the bill appointing them to their position. |
| Random quote: "He who will not economize will have to agonize." - Confucius |