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Bill: Progressive Income Tax Reform Act of 3831
Details
Submitted by[?]: Chann National Party (CNP)
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: March 3832
Description[?]:
| The Chann National Party (CNP) propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Solentia. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 40
Current: 0
Proposed: 35
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 3
Current: 0
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 30
Current: 0
Proposed: 25
Article 4
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 |
| > 1,000 SOL | 5% | 25,434,000,000 SOL |
| > 10,000 SOL | 8% | 44,910,000,000 SOL |
| > 20,000 SOL | 11% | 49,284,000,000 SOL |
| > 30,000 SOL | 14% | 50,022,000,000 SOL |
| > 40,000 SOL | 17% | 44,236,000,000 SOL |
| > 50,000 SOL | 21% | 40,237,000,000 SOL |
| > 60,000 SOL | 24% | 32,582,000,000 SOL |
| > 70,000 SOL | 27% | 32,639,000,000 SOL |
| > 80,000 SOL | 30% | 31,634,000,000 SOL |
| > 90,000 SOL | 33% | 28,322,000,000 SOL |
| > 100,000 SOL | 36% | 19,019,000,000 SOL |
| > 110,000 SOL | 39% | 16,025,000,000 SOL |
| > 120,000 SOL | 42% | 13,170,000,000 SOL |
| > 130,000 SOL | 45% | 8,032,000,000 SOL |
| > 140,000 SOL | 48% | 2,346,000,000 SOL |
| > 150,000 SOL | 50% | 0 SOL | Total | 437,892,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 23:30:02, April 15, 2015 CET | From | Free Democratic Party | To | Debating the Progressive Income Tax Reform Act of 3831 |
| Message | The SUN ideal is to never combine the Income Tax with other bills or taxes. We will follow that ideal. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 62 | ||||
| no |
Total Seats: 339 | ||||
| abstain | Total Seats: 124 |
| Random fact: Particracy does not allow role-play that seems to belong to the world of fantasy, science fiction and futuristic speculation. |
| Random quote: "I think one should not go fast, because if you make mistakes you don't realize what you've done." - Manuela Carmena |