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Bill: Income tax proposal of September 3318
Details
Submitted by[?]: União Democrática do Tukarali
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 3319
Description[?]:
| The Tukarese Democratic Union propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Tukarali. "This proposal yields more income tax than the ridiculous 98% rate proposed by the so-called Republican Party for the highest incomes. As a second step we will propose consumption tax reductions, but only once this bill is passed and the income tax yield has been realized." Teodosio Paco Suárez, Finance spokesperson of the TDU parliamentary party |
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 TUK | 1% | 28,194,000,000 TUK |
| > 60,000 TUK | 8% | 187,786,000,000 TUK |
| > 110,000 TUK | 15% | 203,330,000,000 TUK |
| > 160,000 TUK | 22% | 183,672,000,000 TUK |
| > 210,000 TUK | 29% | 141,228,000,000 TUK |
| > 260,000 TUK | 36% | 108,694,000,000 TUK |
| > 310,000 TUK | 43% | 89,040,000,000 TUK |
| > 360,000 TUK | 50% | 70,409,000,000 TUK |
| > 410,000 TUK | 57% | 77,717,000,000 TUK |
| > 460,000 TUK | 64% | 81,254,000,000 TUK | Total | 1,171,324,000,000 TUK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 86 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 39 |
| Random fact: In cases where players have failed to clearly and accurately reference their nation's RP laws in the "Bills under debate" section, Moderation will rule them invalid if a challenge is made to their validity. |
| Random quote: "In this age, the man who dares to think for himself and to act independently does a service to his race" - John Stuart Mill |