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Bill: Income tax proposal of February 3414
Details
Submitted by[?]: National Union 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: October 3414
Description[?]:
| The National Union Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Egelion. |
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 |
| > 2,500 EGP | 14% | 31,738,000,000 EGP |
| > 6,500 EGP | 18% | 33,835,000,000 EGP |
| > 10,500 EGP | 24% | 26,533,000,000 EGP |
| > 14,000 EGP | 30% | 19,002,000,000 EGP |
| > 17,000 EGP | 35% | 17,298,000,000 EGP |
| > 20,000 EGP | 42% | 11,960,000,000 EGP |
| > 22,000 EGP | 48% | 50,134,000,000 EGP | Total | 190,500,000,000 EGP |
Debate
These messages have been posted to debate on this bill:
| Date | 08:11:06, December 21, 2012 CET | From | National Union Party | To | Debating the Income tax proposal of February 3414 |
| Message | This proposal will lower the three lowest income rates while raising them for Egelians earning over 20,000 EGP. The tax proposal will still see an increase in income of more than 3.3 billion EGP Mark Eames Finance Minister |
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Voting
| Vote | Seats | |
| yes |
Total Seats: 749 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: If there are no parties in your nation with seats, feel free to visit the forum and request an early election on the Early Election Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4362 |
| Random quote: "The problem is big government. If whoever controls government can impose his way upon you, you have to fight constantly to prevent the control from being harmful. With small, limited government, it doesn't much matter who controls it, because it can't do you much harm." - Harry Browne |