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Bill: Income tax proposal of October 3430
Details
Submitted by[?]: White List 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: April 3432
Description[?]:
| The White List 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 |
| > 2,000 EGP | 13% | 49,521,000,000 EGP |
| > 9,000 EGP | 19% | 48,237,000,000 EGP |
| > 18,000 EGP | 25% | 27,636,000,000 EGP |
| > 27,000 EGP | 50% | 27,320,000,000 EGP | Total | 152,714,000,000 EGP |
Debate
These messages have been posted to debate on this bill:
| Date | 10:05:04, January 25, 2013 CET | From | White List Party | To | Debating the Income tax proposal of October 3430 |
| Message | What is NCPE opinion? |
| Date | 00:07:38, January 26, 2013 CET | From | National Conservative Party of Egelion | To | Debating the Income tax proposal of October 3430 |
| Message | Are the tax increases necessary? We are 30 million surplus, and in there is no new major increases in the current budget. |
| Date | 01:48:52, January 26, 2013 CET | From | White List Party | To | Debating the Income tax proposal of October 3430 |
| Message | with proposed tax brackets total collected tax is minus 30 mill - bringing budget surplus to less than 1. The original story is that tax cuts were proposed in previous legislature as an opposite measure to hike consumption tax. In a twist of politiking SLP supported hike in consumption tax but defeated decrease in personal taxes. This generated aforementioned surplus. Situation needs to be corrected |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 173 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 82 |
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