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Bill: Income tax proposal of December 3831
Details
Submitted by[?]: Communist Party of Solentia (CPS)
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: May 3833
Description[?]:
| The Solentian Communist-Nationalist (SCNU) propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Solentia. This will allow us to extend the public sector. If this passes, we then will propose increased spending in science, military (to crush capitalist countries), health and education. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 3
Current: 0
Proposed: 0
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 30
Current: 0
Proposed: 50
Article 3
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 |
| > 40,000 SOL | 20% | 51,979,000,000 SOL |
| > 50,000 SOL | 30% | 57,394,000,000 SOL |
| > 60,000 SOL | 40% | 54,229,000,000 SOL |
| > 70,000 SOL | 50% | 60,375,000,000 SOL |
| > 80,000 SOL | 60% | 63,211,000,000 SOL |
| > 90,000 SOL | 70% | 60,034,000,000 SOL |
| > 100,000 SOL | 80% | 42,231,000,000 SOL |
| > 110,000 SOL | 90% | 85,671,000,000 SOL | Total | 475,124,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 19:29:40, April 16, 2015 CET | From | Federal Green Party (FGP) | To | Debating the Income tax proposal of December 3831 |
| Message | We would agree to raising the luxury tax to 40% and ending the sales tax on essential goods. |
| Date | 14:31:59, April 18, 2015 CET | From | New Liberal Party | To | Debating the Income tax proposal of December 3831 |
| Message | we feel the income tax bracket is too high, as well as the luxury sales tax proposal |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 51 | ||||||
| no |
Total Seats: 474 | ||||||
| abstain | Total Seats: 0 |
| Random fact: Don't put "the" as the first word in your party name, because when parties are referred to in news reports, their names are preceded with "the", e.g. the [Socialist Party] has lost. |
| Random quote: "He who wishes to be obeyed must know how to command." - Niccolo Machiavelli |