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Bill: Income tax proposal of April 3394
Details
Submitted by[?]: Freedom Party
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: December 3394
Description[?]:
The Endralon Green Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Endralon. The best way we can spend our surplus is to end taxes on the very lowest earners, who need the relief. |
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 |
> 2,000 END | 9% | 5,262,000,000 END |
> 3,000 END | 12% | 7,016,000,000 END |
> 4,000 END | 16% | 9,355,000,000 END |
> 5,000 END | 20% | 11,214,000,000 END |
> 6,000 END | 24% | 16,904,000,000 END |
> 7,500 END | 27% | 14,725,000,000 END |
> 9,000 END | 30% | 12,804,000,000 END |
> 10,500 END | 33% | 10,365,000,000 END |
> 12,000 END | 36% | 19,675,000,000 END |
> 16,000 END | 40% | 15,463,000,000 END |
> 20,000 END | 43% | 9,416,000,000 END |
> 24,000 END | 45% | 8,872,000,000 END |
> 30,000 END | 50% | 4,400,000,000 END | Total | 145,471,000,000 END |
Debate
These messages have been posted to debate on this bill:
Date | 21:21:06, November 12, 2012 CET | From | Land and Peoples' Choice Party | To | Debating the Income tax proposal of April 3394 |
Message | Tax cuts– always a good thing. |
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Voting
Vote | Seats | |||
yes |
Total Seats: 247 | |||
no | Total Seats: 0 | |||
abstain | Total Seats: 54 |
Random fact: Google Translate can help you with those language translations: https://translate.google.com/ |
Random quote: "The root source of wealth is human ingenuity. This has no known bounds, so the amount of wealth in existence can always be increased. That's why capitalism is called 'making money.'" - Marc Geddes |