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Bill: Super Progressive Tax Reform & Overhaul Act of May 3930
Details
Submitted by[?]: Chann National Party (CNP)
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: January 3931
Description[?]:
| The Chann National Party (CNP) propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Solentia. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 11
Current: 0
Proposed: 30
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 14
Current: 0
Proposed: 15
Article 3
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 |
| > 1,000 SOL | 5% | 11,293,000,000 SOL |
| > 5,000 SOL | 8% | 22,585,000,000 SOL |
| > 10,000 SOL | 11% | 31,055,000,000 SOL |
| > 15,000 SOL | 14% | 72,427,000,000 SOL |
| > 25,000 SOL | 17% | 35,479,000,000 SOL |
| > 30,000 SOL | 20% | 38,972,000,000 SOL |
| > 35,000 SOL | 23% | 37,253,000,000 SOL |
| > 40,000 SOL | 26% | 36,472,000,000 SOL |
| > 45,000 SOL | 29% | 34,677,000,000 SOL |
| > 50,000 SOL | 32% | 32,963,000,000 SOL |
| > 55,000 SOL | 35% | 30,900,000,000 SOL |
| > 60,000 SOL | 38% | 26,887,000,000 SOL |
| > 65,000 SOL | 41% | 26,576,000,000 SOL |
| > 70,000 SOL | 44% | 27,360,000,000 SOL |
| > 75,000 SOL | 47% | 27,523,000,000 SOL |
| > 80,000 SOL | 50% | 27,649,000,000 SOL |
| > 85,000 SOL | 53% | 26,521,000,000 SOL |
| > 90,000 SOL | 56% | 25,303,000,000 SOL |
| > 95,000 SOL | 59% | 23,939,000,000 SOL |
| > 100,000 SOL | 62% | 17,841,000,000 SOL |
| > 105,000 SOL | 65% | 15,621,000,000 SOL |
| > 110,000 SOL | 68% | 14,483,000,000 SOL |
| > 115,000 SOL | 71% | 14,049,000,000 SOL |
| > 120,000 SOL | 74% | 12,810,000,000 SOL |
| > 125,000 SOL | 77% | 10,816,000,000 SOL |
| > 130,000 SOL | 80% | 9,043,000,000 SOL |
| > 135,000 SOL | 83% | 5,463,000,000 SOL |
| > 140,000 SOL | 86% | 4,215,000,000 SOL | Total | 700,175,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 02:34:35, October 31, 2015 CET | From | Chann National Party (CNP) | To | Debating the Super Progressive Tax Reform & Overhaul Act of May 3930 |
| Message | OOC: Ignore this proposal lol. People who make 140000 would only be left with 19,600 hahaha |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 109 | |||
| no | Total Seats: 240 | |||
| abstain | Total Seats: 76 |
| Random fact: Before creating a party organisation, check to see whether there are any existing organisations which cover the same agenda. |
| Random quote: "Those who say religion has nothing to do with politics do not know what religion is." - Mahatma Gandhi |