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Bill: Income tax proposal of November 3865
Details
Submitted by[?]: Liberal Party of Davostan
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 3868
Description[?]:
The Davostan United Front propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Davostan. Sadly the current economic budgets and spending has caused the government to overspend. Instead of proposing a spending decrease, we are proposing a tax increase on wealthier incomes by 5% and putting those who earn 10000 DAVs on a 5% tax basis. We horribly regret proposing a tax increase, but not correcting the current errors would be worse. |
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 DAV | 5% | 83,464,000,000 DAV |
> 40,000 DAV | 25% | 278,215,000,000 DAV |
> 60,000 DAV | 30% | 985,725,000,000 DAV |
> 120,000 DAV | 35% | 1,965,217,000,000 DAV |
> 350,000 DAV | 45% | 941,393,000,000 DAV | Total | 4,254,014,000,000 DAV |
Debate
These messages have been posted to debate on this bill:
Date | 23:30:56, June 23, 2015 CET | From | Party of Radicals | To | Debating the Income tax proposal of November 3865 |
Message | We oppose the tax increase on lower incomes. The broadest shoulders should carry the greatest burden. |
Date | 03:24:11, June 24, 2015 CET | From | State-Socialist Party | To | Debating the Income tax proposal of November 3865 |
Message | We support this. |
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Voting
Vote | Seats | ||
yes | Total Seats: 228 | ||
no | Total Seats: 0 | ||
abstain |
Total Seats: 197 |
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