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Bill: Income tax proposal of August 3462
Details
Submitted by[?]: Vigs Partija ('Whigs')
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 3463
Description[?]:
| The Vācbaltiešu Vigs Partija ('Whigs') propose to adjust the government's income tax policy to better address the economic situation of the Empire of Dolgava. We propose to abolish taxation for those earning below 20,000 DLD in income altogether. Given our huge budget surplus we can afford to lift the lowest paid out of paying tax altogether! |
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 |
| > 20,000 DLD | 25% | 71,297,000,000 DLD |
| > 25,000 DLD | 30% | 85,557,000,000 DLD |
| > 30,000 DLD | 35% | 99,816,000,000 DLD |
| > 35,000 DLD | 40% | 114,076,000,000 DLD |
| > 40,000 DLD | 45% | 1,540,022,000,000 DLD |
| > 100,000 DLD | 50% | 2,501,062,000,000 DLD |
| > 200,000 DLD | 55% | 3,062,450,000,000 DLD |
| > 500,000 DLD | 60% | 583,674,000,000 DLD | Total | 8,057,954,000,000 DLD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 113 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 62 |
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