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Bill: Income tax proposal of July 3796
Details
Submitted by[?]: Democratic Socialist 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: March 3797
Description[?]:
| The Democratic Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Telamon. |
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 |
| > 100 TPD | 10% | 5,099,000,000 TPD |
| > 1,000 TPD | 15% | 12,748,000,000 TPD |
| > 2,500 TPD | 20% | 23,159,000,000 TPD |
| > 5,000 TPD | 25% | 13,544,000,000 TPD |
| > 7,500 TPD | 32% | 9,700,000,000 TPD |
| > 10,000 TPD | 40% | 8,809,000,000 TPD |
| > 15,000 TPD | 50% | 3,995,000,000 TPD | Total | 77,054,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 47 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 28 |
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