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Bill: Income tax proposal of May 3856
Details
Submitted by[?]: Jelbanian Royal 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: January 3857
Description[?]:
| The Jelbanian Royal Party propose to adjust the government's income tax policy to better address the economic situation of the Kingdom of Jelbania. My gracious king, This Taxation plan eliminates taxes for anyone making less than 10000 JEL. It also cuts taxes for every bracket. The >10000 JEL bracket received a 7% tax cut. The >20000 JEL bracket received a 4% tax cut, the >40000 JEL bracket received a 6% tax cut. The >100000 bracket also received a 6% tax cut. This plan benefits everyone from the down up. These tax cuts will hopefully stimulate our economy, and we are still pulling a budget surplus. Steven Hall Premier |
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 JEL | 10% | 57,238,000,000 JEL |
| > 20,000 JEL | 15% | 144,489,000,000 JEL |
| > 40,000 JEL | 28% | 301,290,000,000 JEL |
| > 100,000 JEL | 33% | 124,492,000,000 JEL | Total | 627,509,000,000 JEL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 250 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Before creating a party organisation, check to see whether there are any existing organisations which cover the same agenda. |
| Random quote: "Socialists like to tout their confiscation and redistribution schemes as noble and caring, but we should ask if theft is ever noble or caring." - Robert Hawes |