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Bill: Income tax proposal of September 4074
Details
Submitted by[?]: Democratic Workers Party
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: May 4075
Description[?]:
| The Democratic Workers Party propose to adjust the government's income tax policy to better address the economic situation of the República Democrática do Tukarali. |
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 |
| > 35,000 TUK | 5% | 42,253,000,000 TUK |
| > 50,000 TUK | 10% | 138,658,000,000 TUK |
| > 75,000 TUK | 15% | 170,836,000,000 TUK |
| > 100,000 TUK | 25% | 375,959,000,000 TUK |
| > 150,000 TUK | 35% | 188,826,000,000 TUK |
| > 175,000 TUK | 45% | 177,249,000,000 TUK |
| > 200,000 TUK | 55% | 298,791,000,000 TUK |
| > 250,000 TUK | 60% | 419,883,000,000 TUK |
| > 400,000 TUK | 65% | 151,719,000,000 TUK |
| > 500,000 TUK | 70% | 40,509,000,000 TUK | Total | 2,004,683,000,000 TUK |
Debate
These messages have been posted to debate on this bill:
| Date | 06:07:43, August 15, 2016 CET | From | Democratic Workers Party | To | Debating the Income tax proposal of September 4074 |
| Message | The DWP proposes an overhaul of our archaic and overly-complicated tax system, reducing the total number of brackets from 18 to 10 and simplifying the bracket thresholds and tax rates. This reform will also generate an additional 160,500,000,000 TUK for our treasury, ensuring that the wealthiest pay their fair share, but also broadening the tax base. Overall, all citizens of Tukarali will benefit, as this additional income will pay for new investments in infrastructure, health care, and education. |
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Voting
| Vote | Seats | |
| yes | Total Seats: 59 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 23 |
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| Random quote: "There is only one difference between dictatorship and democracy. In democracy, you vote and then take orders; in dictatorship you don't waste time voting." - Joseph Stalin |