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Bill: Tax Reform Act of 3939 (HAYEKTAX)
Details
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: July 3940
Description[?]:
| The Free From Government propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Solentia. By reducing the number of tax brackets AND by reducing the tax rates for those tax brackets we hope to increase prosperity in our nation. Our budget allows this as we will still have a budget surplus while freeing up +/- 100,000,000,000 that will stay in the economy and more importantly stay in our people's net salary. Milton Hayek, Senator for Fuwan |
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 |
| > 1,000 SOL | 5% | 25,408,000,000 SOL |
| > 10,000 SOL | 10% | 56,079,000,000 SOL |
| > 20,000 SOL | 15% | 67,122,000,000 SOL |
| > 30,000 SOL | 20% | 71,368,000,000 SOL |
| > 40,000 SOL | 25% | 64,967,000,000 SOL |
| > 50,000 SOL | 30% | 57,409,000,000 SOL |
| > 60,000 SOL | 40% | 54,284,000,000 SOL |
| > 70,000 SOL | 45% | 207,083,000,000 SOL | Total | 603,720,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 411 | |||
| no | Total Seats: 129 | |||
| abstain | Total Seats: 132 |
| Random fact: It is the collective responsibility of the players in a nation to ensure all currently binding RP laws are clearly outlined in an OOC reference bill in the "Bills under debate" section of the nation page. Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current. |
| Random quote: "You cannot help men permanently by doing for them what they could and should do for themselves." - Abraham Lincoln |