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Bill: A Fair Income Tax System
Details
Submitted by[?]: Grüne Partei
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: August 3842
Description[?]:
The current tax structure puts and unfair burden on the middle class. This creates a more fair bracketed system, where you pay a greater percentage of your tax on higher earnings. It does mark a small loss in revenue, which if passed, will be made up in cuts to defense and internal affairs. We feel this is necessary to reduce the tax burden on our middle class, but welcome input from other parties. |
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 |
> 10,000 DUM | 10% | 29,071,000,000 DUM |
> 15,000 DUM | 15% | 151,102,000,000 DUM |
> 35,000 DUM | 20% | 60,220,000,000 DUM |
> 45,000 DUM | 30% | 62,956,000,000 DUM |
> 55,000 DUM | 50% | 73,106,000,000 DUM |
> 65,000 DUM | 60% | 68,715,000,000 DUM |
> 75,000 DUM | 70% | 57,726,000,000 DUM |
> 85,000 DUM | 80% | 49,660,000,000 DUM |
> 95,000 DUM | 90% | 95,595,000,000 DUM | Total | 648,151,000,000 DUM |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes |
Total Seats: 289 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 288 |
Random fact: Google Translate can help you with those language translations: https://translate.google.com/ |
Random quote: "A claim for equality of material position can be met only by a government with totalitarian powers." - Friedrich Hayek |