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Bill: Income Tax Improvement
Details
Submitted by[?]: Solentia Peoples' Party (SPP)
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: September 3930
Description[?]:
| Since we have a huge surplus, why not give our citizens some tax relief. I have removed tax for people under 15k and reduced the unnecessary tax for people earning over 130k! I also modified the brackets to make it more even. (We also still have a massive surplus, this only cuts it by 50000000) |
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 |
| > 15,001 SOL | 10% | 72,619,000,000 SOL |
| > 30,001 SOL | 18% | 64,250,000,000 SOL |
| > 40,001 SOL | 23% | 59,791,000,000 SOL |
| > 50,001 SOL | 31% | 101,408,000,000 SOL |
| > 70,001 SOL | 40% | 70,479,000,000 SOL |
| > 85,001 SOL | 50% | 67,942,000,000 SOL |
| > 100,001 SOL | 56% | 82,913,000,000 SOL | Total | 519,402,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 240 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 185 |
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| Random quote: "He who controls the past, commands the future. He who commands the future, conquers the past." - Kane; Command and Conquer: Red Alert |