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Bill: Income tax proposal of May 3326
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 3327
Description[?]:
| The Vācbaltiešu Vigs Partija ('Whigs') propose to adjust the government's income tax policy to better address the economic situation of the Kingdom of Dolgava. This will reduce the tax taken from those on the lowest income tax bracket by abolishing the 15% rate for 10%, and will also abolish the upper rate 35% tax rate to ensure we continue to be competitive. It is thus competitive, and progressive. |
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 |
| > 12,000 DLD | 10% | 17,138,000,000 DLD |
| > 15,000 DLD | 15% | 42,846,000,000 DLD |
| > 20,000 DLD | 20% | 342,766,000,000 DLD |
| > 50,000 DLD | 25% | 714,095,000,000 DLD |
| > 100,000 DLD | 30% | 3,468,655,000,000 DLD | Total | 4,585,500,000,000 DLD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 173 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 78 |
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