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Bill: Income tax proposal of May 4019
Details
Submitted by[?]: Factio Exercitus
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 4020
Description[?]:
| The Factio Exercitus propose to adjust the government's income tax policy to better address the economic situation of the Foederalis Popularis Republicae de Selucia (Federative Democratic Republic of Selucia). |
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 SEN | 35% | 78,573,000,000 SEN |
| > 5,000 SEN | 40% | 65,415,000,000 SEN |
| > 10,000 SEN | 55% | 41,150,000,000 SEN |
| > 15,000 SEN | 65% | 27,434,000,000 SEN |
| > 20,000 SEN | 75% | 19,475,000,000 SEN |
| > 25,000 SEN | 85% | 20,248,000,000 SEN |
| > 40,000 SEN | 95% | 0 SEN | Total | 252,295,000,000 SEN |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 500 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 0 |
| Random fact: References to prominent real-life persons are not allowed. This includes references to philosophies featuring the name of a real-life person (eg. "Marxism", "Thatcherism", "Keynesianism"). |
| Random quote: "Everything that is really great and inspiring is created by the individual who can labor in freedom." - Albert Einstein |