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Bill: Income tax proposal of March 3631
Details
Submitted by[?]: Proletarian Socialist Movement
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: November 3631
Description[?]:
| The Proletarian Socialist Movement propose to adjust the government's income tax policy to better address the economic situation of the Fifth Aldegarian Republic. |
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 |
| > 500 ACR | 1% | 279,000,000 ACR |
| > 1,000 ACR | 2% | 559,000,000 ACR |
| > 1,500 ACR | 5% | 2,794,000,000 ACR |
| > 2,500 ACR | 7% | 3,806,000,000 ACR |
| > 3,500 ACR | 9% | 5,631,000,000 ACR |
| > 5,000 ACR | 11% | 6,311,000,000 ACR |
| > 7,000 ACR | 13% | 4,661,000,000 ACR |
| > 9,000 ACR | 15% | 3,599,000,000 ACR |
| > 11,000 ACR | 25% | 5,440,000,000 ACR |
| > 15,000 ACR | 30% | 1,800,000,000 ACR |
| > 17,000 ACR | 80% | 2,669,000,000 ACR |
| > 30,000 ACR | 90% | 0 ACR | Total | 37,549,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 227 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 173 |
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