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Bill: Income tax proposal of November 3849
Details
Submitted by[?]: Solentian National Party (SNP)
Status[?]: defeated
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: September 3850
Description[?]:
| The Green Party of Solentia propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Solentia. The following cuts are needed to alleviate the pressure being felt by the hardest working and most vulnerable in our society. These cuts will go a long way in putting more money in the hands of the working class and the poor an spurn economic growth as they will have more money with which to purchase the things that they need to survive. We have increased the tax rate on the richest in Solenia to help make these tax cuts for the working class and poor be not just revenue neutral but revenue friendly. We ask that you all join us in helping provide relief for the working class and poor in Solentia. -Dr Jill Styne, Prime Minister of Solentia. |
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 |
| > 40,000 SOL | 17% | 76,772,000,000 SOL |
| > 60,000 SOL | 28% | 71,864,000,000 SOL |
| > 80,000 SOL | 46% | 87,994,000,000 SOL |
| > 100,000 SOL | 56% | 82,851,000,000 SOL | Total | 319,481,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 00:12:39, May 23, 2015 CET | From | Coalition for National Unity [CNU] | To | Debating the Income tax proposal of November 3849 |
| Message | "The Unionists would back this somewhat minor step in restoring the old budgetary code." Wynd Nord, Unionist Financial Lead |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 173 | ||||
| no |
Total Seats: 252 | ||||
| abstain | Total Seats: 0 |
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