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Bill: Income tax proposal of October 3300
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: June 3301
Description[?]:
| The Vācbaltiešu Vigs Partija ('Whigs') propose to abolish the economically anti-competitive (and ethically wrong) upper rate tax of 80%. Instead we propose to lower it to 70%, with a longer term view of continued incremental reductions toward 50%. |
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 |
| > 10,000 DLD | 25% | 4,281,000,000 DLD |
| > 10,300 DLD | 28% | 3,196,000,000 DLD |
| > 10,500 DLD | 30% | 17,123,000,000 DLD |
| > 11,500 DLD | 35% | 9,988,000,000 DLD |
| > 12,000 DLD | 40% | 22,831,000,000 DLD |
| > 13,000 DLD | 45% | 12,842,000,000 DLD |
| > 13,500 DLD | 50% | 42,807,000,000 DLD |
| > 15,000 DLD | 55% | 156,961,000,000 DLD |
| > 20,000 DLD | 60% | 34,246,000,000 DLD |
| > 21,000 DLD | 63% | 71,917,000,000 DLD |
| > 23,000 DLD | 65% | 74,200,000,000 DLD |
| > 25,000 DLD | 70% | 199,768,000,000 DLD |
| > 30,000 DLD | 70% | 1,997,682,000,000 DLD |
| > 80,000 DLD | 70% | 8,885,796,000,000 DLD | Total | 11,533,638,000,000 DLD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 251 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 0 |
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