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Bill: Income tax proposal of May 3296
Details
Submitted by[?]: Vigs Partija ('Whigs')
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: January 3297
Description[?]:
| The Whigs propose to abolish the 85% income tax threshold, believing it entirely unethical to tax 85% of someone's income away. This measure will ensure that excessive government tax and spending is clamped down on. |
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 |
| > 9,000 DLD | 25% | 14,246,000,000 DLD |
| > 10,000 DLD | 30% | 5,129,000,000 DLD |
| > 10,300 DLD | 32% | 3,647,000,000 DLD |
| > 10,500 DLD | 35% | 9,972,000,000 DLD |
| > 11,000 DLD | 47% | 13,391,000,000 DLD |
| > 11,500 DLD | 48% | 13,676,000,000 DLD |
| > 12,000 DLD | 50% | 14,246,000,000 DLD |
| > 12,500 DLD | 52% | 14,816,000,000 DLD |
| > 13,000 DLD | 54% | 15,386,000,000 DLD |
| > 13,500 DLD | 58% | 49,576,000,000 DLD |
| > 15,000 DLD | 60% | 170,950,000,000 DLD |
| > 20,000 DLD | 66% | 37,609,000,000 DLD |
| > 21,000 DLD | 70% | 79,777,000,000 DLD |
| > 23,000 DLD | 75% | 85,475,000,000 DLD |
| > 25,000 DLD | 77% | 219,386,000,000 DLD |
| > 30,000 DLD | 78% | 222,236,000,000 DLD |
| > 35,000 DLD | 80% | 227,934,000,000 DLD |
| > 40,000 DLD | 80% | 455,868,000,000 DLD |
| > 50,000 DLD | 80% | 455,868,000,000 DLD |
| > 60,000 DLD | 80% | 455,868,000,000 DLD |
| > 70,000 DLD | 80% | 455,868,000,000 DLD |
| > 80,000 DLD | 80% | 455,868,000,000 DLD |
| > 90,000 DLD | 80% | 455,868,000,000 DLD |
| > 100,000 DLD | 80% | 227,934,000,000 DLD |
| > 105,000 DLD | 80% | 227,934,000,000 DLD |
| > 110,000 DLD | 80% | 455,868,000,000 DLD |
| > 120,000 DLD | 80% | 226,404,000,000 DLD |
| > 125,000 DLD | 80% | 225,713,000,000 DLD |
| > 130,000 DLD | 80% | 7,862,223,000,000 DLD | Total | 13,158,736,000,000 DLD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 81 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 69 |
| Random fact: The players in a nation have a collective responsibility to prevent confusion by ensuring unofficial or outdated bills labelled as "Cultural Protocols" are removed from their nation page. |
| Random quote: "He comes out of hibernation once every three years and says something stupid. No wonder the UR fell apart." - Tirza Sommer, Pragmatic Party Leader, on the Dorvish President, Leonhard Khan. |