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Bill: Income tax proposal of July 3989
Details
Submitted by[?]: Conservative Party of Hobrazia
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: March 3990
Description[?]:
The Պահպանողական Party propose to adjust the government's income tax policy. Mr speaker, This new tax plan will benefit the people of Hobrazia and end the high taxes that they have had to pay before. We have set out this plan to protect those lowest earners of Hobrazia but also benefit the richest who can now save even more of the money the rightfully earned. The Conservative party understands that money is key to security and that is the reason we will help of nations people keep the most they can. Now Mr speaker, as finance minister it is my job to choose to cut or spend. If this tax proposal becomes law, then cuts will have to be made in annual spending and this will include cuts in the defence ministry and social welfare. Thank you for reading the proposal and I hope that all parties see this as the way to make Hobrazia go forward in this parliamentary term of office. Chancellor Andrew Johnston - FINANCE MINISTER OF HOBRAZIA |
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 | 1% | 1,414,000,000 HCR |
> 5,000 HCR | 4% | 5,655,000,000 HCR |
> 7,500 HCR | 15% | 21,206,000,000 HCR |
> 10,000 HCR | 25% | 70,687,000,000 HCR |
> 15,000 HCR | 27% | 73,511,000,000 HCR |
> 20,000 HCR | 28% | 121,712,000,000 HCR |
> 30,000 HCR | 28% | 84,155,000,000 HCR |
> 40,000 HCR | 28% | 56,984,000,000 HCR |
> 50,000 HCR | 29% | 31,475,000,000 HCR |
> 57,500 HCR | 38% | 11,554,000,000 HCR |
> 60,000 HCR | 40% | 39,166,000,000 HCR |
> 70,000 HCR | 40% | 28,279,000,000 HCR |
> 80,000 HCR | 40% | 32,546,000,000 HCR |
> 100,000 HCR | 50% | 20,465,000,000 HCR | Total | 598,809,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes | Total Seats: 75 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 0 |
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