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Bill: United Left Income tax proposal of December 3438
Details
Submitted by[?]: Social Democratic 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: August 3439
Description[?]:
| We propose modest increases of tax for the wealthier tax brackets to fund the investment budget |
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 |
| > 1,000 ACR | 4% | 4,474,000,000 ACR |
| > 3,000 ACR | 8% | 7,126,000,000 ACR |
| > 5,000 ACR | 12% | 6,892,000,000 ACR |
| > 7,000 ACR | 16% | 5,744,000,000 ACR |
| > 9,000 ACR | 20% | 4,805,000,000 ACR |
| > 11,000 ACR | 25% | 3,026,000,000 ACR |
| > 13,000 ACR | 30% | 2,906,000,000 ACR |
| > 15,000 ACR | 35% | 2,104,000,000 ACR |
| > 17,000 ACR | 40% | 504,000,000 ACR |
| > 18,000 ACR | 45% | 500,000,000 ACR |
| > 19,000 ACR | 50% | 278,000,000 ACR |
| > 19,500 ACR | 55% | 232,000,000 ACR | Total | 38,591,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
| Date | 16:41:13, February 11, 2013 CET | From | Reform Party of Aldegar | To | Debating the United Left Income tax proposal of December 3438 |
| Message | What do you need 12 rates for. That 55% one is just for show! Daniel Muandi RPA Chairman |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 120 | ||
| no | Total Seats: 55 | ||
| abstain | Total Seats: 0 |
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| Random quote: "People say I steal. Well, all politicians steal." - Huey Long |