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Bill: Income Tax Increase of April 3897
Details
Submitted by[?]: Hobrazi Union
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 3898
Description[?]:
| By order of the Supreme Commander, all taxes shall be raised with the poorest facing the smallest increase in said taxes. |
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 |
| > 2,500 HCR | 5% | 7,060,000,000 HCR |
| > 5,000 HCR | 7% | 19,769,000,000 HCR |
| > 10,000 HCR | 11% | 108,735,000,000 HCR |
| > 30,000 HCR | 14% | 70,481,000,000 HCR |
| > 50,000 HCR | 17% | 72,977,000,000 HCR | Total | 279,022,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
| Date | 23:59:20, August 25, 2015 CET | From |  Hobrazi Union | To | Debating the Income Tax Increase of April 3897 |
| Message | "Our current economic situation sees us spending 100,000,000,000 HCR more per year than what we make in revenue. We must address this issue before our country falls into massive debt. The following proposal would increase our revenues by about 107,000,000,000 HCR and should leave us with a small amount of surplus left over to store in a 'rainy day fund.' I ask for immediate passage of this emergency legislation." -Giorgi Konstantine, Minister of Finance Hobrazi Union |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 250 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
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