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Bill: Income tax proposal of February 3375
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: October 3375
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. Proposing to cut the income tax take from lowest earners, paid for by introducing a new tax bracket for 200,000 DLD incomes. There is also a stimulus cut for wealth-creators. This budget is designed to be progressive and economically beneficial. It will push up consumer spending, and reverse the disaster of the last DCP budget which hammered consumer spending and deflated GDP. |
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 |
> 14,000 DLD | 2% | 6,857,000,000 DLD |
> 20,000 DLD | 5% | 85,715,000,000 DLD |
> 50,000 DLD | 7% | 200,002,000,000 DLD |
> 100,000 DLD | 10% | 277,109,000,000 DLD |
> 150,000 DLD | 12% | 268,801,000,000 DLD |
> 200,000 DLD | 15% | 454,260,000,000 DLD |
> 300,000 DLD | 18% | 634,761,000,000 DLD | Total | 1,927,505,000,000 DLD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||||
yes | Total Seats: 167 | ||||
no | Total Seats: 0 | ||||
abstain |
Total Seats: 134 |
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