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Bill: Income tax proposal of May 4047
Details
Submitted by[?]: United Workers
Status[?]: defeated
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 4048
Description[?]:
| The United Workers propose to adjust the government's income tax policy to better address the economic situation of the Da Yingdala Tianchao (Celestial Empire of Great Indrala). |
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 |
| > 100 INS | 10% | 2,343,000,000 INS |
| > 500 INS | 15% | 4,393,000,000 INS |
| > 1,000 INS | 20% | 46,862,000,000 INS |
| > 5,000 INS | 25% | 73,223,000,000 INS |
| > 10,000 INS | 30% | 700,255,000,000 INS |
| > 50,000 INS | 35% | 668,442,000,000 INS |
| > 100,000 INS | 40% | 441,832,000,000 INS |
| > 200,000 INS | 45% | 113,375,000,000 INS |
| > 300,000 INS | 47% | 32,566,000,000 INS | Total | 2,083,291,000,000 INS |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 0 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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