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Bill: Income tax proposal of May 3395
Details
Submitted by[?]: Coburan Socialist 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: January 3396
Description[?]:
| The Coburan Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Cobura. This proposal will give a tax break to the poorest citizens and middle class in the country while taxing the rich more to keep our surplus. |
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 COB | 10% | 16,982,000,000 COB |
| > 5,000 COB | 15% | 17,172,000,000 COB |
| > 7,500 COB | 25% | 19,433,000,000 COB |
| > 10,000 COB | 30% | 23,099,000,000 COB |
| > 15,000 COB | 35% | 11,015,000,000 COB |
| > 20,000 COB | 40% | 5,186,000,000 COB |
| > 30,000 COB | 45% | 1,289,000,000 COB |
| > 35,000 COB | 50% | 415,000,000 COB | Total | 94,591,000,000 COB |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||||
| yes |
Total Seats: 215 | ||||||
| no | Total Seats: 0 | ||||||
| abstain |
Total Seats: 185 |
| Random fact: You can view helpful ideological statistics about the regions in your nation on the region pages. You can also view detailed political opinions and the importance of them there as well. |
| Random quote: "You will win, but you will not convince. You will win, because you possess more than enough brute force, but you will not convince, because to convince means to persuade. And in order to persuade you would need what you lack, reason and right in the struggle." - Miguel de Unamuno |