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Bill: Income tax proposal of March 3950
Details
Submitted by[?]: União Democrática do Tukarali
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: November 3950
Description[?]:
| The Minister of Finance, Balduíno Machado of the União Democrática Tukarêse, propose to adjust the government's income tax policy to correct the anomalous gaps between the first, second and third income brackets. |
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 |
| > 55,000 TUK | 10% | 135,368,000,000 TUK |
| > 80,000 TUK | 15% | 162,589,000,000 TUK |
| > 105,000 TUK | 20% | 162,410,000,000 TUK |
| > 130,000 TUK | 25% | 152,981,000,000 TUK |
| > 155,000 TUK | 30% | 153,048,000,000 TUK |
| > 180,000 TUK | 35% | 130,106,000,000 TUK |
| > 205,000 TUK | 40% | 123,016,000,000 TUK |
| > 230,000 TUK | 45% | 93,274,000,000 TUK |
| > 255,000 TUK | 50% | 86,340,000,000 TUK |
| > 280,000 TUK | 55% | 427,815,000,000 TUK | Total | 1,626,947,000,000 TUK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 125 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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| Random quote: "When strangers start acting like neighbors, communities are reinvigorated." - Ralph Nader |