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Bill: Tax Cuts
Details
Submitted by[?]: Miflaga Herut Yibeiteinu
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: February 3762
Description[?]:
| We propose a 433 bei tax cut to nearly all taxpayers. It will involve the lowering of the bottom rate from 15% to 14%. Total amount returned to the taxpayer - .3.5 billion bei per year. Nathan Nahari MK Deputy Prime Minister Finance Minister |
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 |
| > 5,500 BEI | 14% | 52,212,000,000 BEI |
| > 12,000 BEI | 24% | 289,837,000,000 BEI |
| > 35,000 BEI | 42% | 384,300,000,000 BEI |
| > 80,000 BEI | 50% | 293,560,000,000 BEI | Total | 1,019,909,000,000 BEI |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 135 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 15 |
| Random fact: The players in a nation have a collective responsibility to prevent confusion by ensuring unofficial or outdated bills labelled as "Cultural Protocols" are removed from their nation page. |
| Random quote: “Under democracy one party always devotes its chief energies to trying to prove that the other party is unfit to rule - and both commonly succeed, and are right.” --H.L. Mencken |