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Bill: Income tax proposal of December 3742
Details
Submitted by[?]: United 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: April 3744
Description[?]:
| The United Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Solentia. |
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 SOL | 5% | 22,374,000,000 SOL |
| > 30,000 SOL | 15% | 53,526,000,000 SOL |
| > 40,000 SOL | 20% | 51,974,000,000 SOL |
| > 50,000 SOL | 30% | 57,409,000,000 SOL |
| > 60,000 SOL | 35% | 69,290,000,000 SOL |
| > 75,000 SOL | 40% | 65,618,000,000 SOL |
| > 90,000 SOL | 45% | 105,246,000,000 SOL | Total | 425,437,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 20:40:27, October 15, 2014 CET | From |  The Liberal Party | To | Debating the Income tax proposal of December 3742 |
| Message | We would agree if the maximum tax rate would be 40% |
| Date | 03:01:48, October 16, 2014 CET | From | United Democratic Party | To | Debating the Income tax proposal of December 3742 |
| Message | If we are able to achieve a budget surplus, w will consider reducing the maximum tax rate. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 425 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: You can view helpful ideological statistics about the regions in your nation on the region pages. You can also view detailed political opinions and the importance of them there as well. |
| Random quote: "The test of courage comes when we are in the minority. The test of tolerance comes when we are in the majority." - Ralph W. Sockman |