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Bill: Income tax proposal of May 4006
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: January 4007
Description[?]:
| The Conservative Party of Hobrazia propose to adjust the government's income tax policy to better address the economic situation of the Hobrazia. Mr speaker, We are proposing this new taxation to replace the old and unfair one which was brought into place due to the economic crisis. We have decided to lower taxes to stop the rise of inflation and other negative effects of higher taxes which we have seen. We will also lower taxes again within the next 3 years if this bill goes through |
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 | 25% | 35,307,000,000 HCR |
| > 5,000 HCR | 35% | 98,859,000,000 HCR |
| > 10,000 HCR | 35% | 194,051,000,000 HCR |
| > 20,000 HCR | 45% | 268,500,000,000 HCR |
| > 35,000 HCR | 48% | 120,008,000,000 HCR |
| > 45,000 HCR | 49% | 44,619,000,000 HCR |
| > 50,000 HCR | 49% | 67,978,000,000 HCR |
| > 60,000 HCR | 49% | 65,967,000,000 HCR |
| > 75,000 HCR | 50% | 76,582,000,000 HCR |
| > 135,000 HCR | 50% | 1,303,000,000 HCR | Total | 973,174,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
| Date | 15:56:52, March 31, 2016 CET | From |  Logarchic Philosophical Front | To | Debating the Income tax proposal of May 4006 |
| Message | Mr Speaker, The LPF endorses this tax proposal as a decent alternative to the current system. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 505 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 145 |
| Random fact: "Treaty-locking", or ratifiying treaties that completely or nearly completely forbid any proposals to change laws, is not allowed. Amongst other possible sanctions, Moderation reserves the discretion to delete treaties and/or subject parties to a seat reset if this is necessary in order to reverse a treaty-lock situation. |
| Random quote: "What is conservatism? Is it not the adherence to the old and tried against the new and untried?" - Abraham Lincoln |