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Bill: Income tax proposal of January 4115
Details
Submitted by[?]: Partidul Poporului Noului Endralon
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: September 4115
Description[?]:
| The New Endralonian People's Party propose to adjust the government's income tax policy to better address the economic situation of the Confederația Noului Endralon, Kizenia și Kuzakiului (New Endralon / Kizenia). |
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 |
| > 60,000 NED | 18% | 148,863,000,000 NED |
| > 84,000 NED | 28% | 647,464,000,000 NED | Total | 796,327,000,000 NED |
Debate
These messages have been posted to debate on this bill:
| Date | 00:58:56, November 04, 2016 CET | From | Partidul Poporului Noului Endralon | To | Debating the Income tax proposal of January 4115 |
| Message | Mr. Speaker, Thanks to the tax reductions and increased revenue thanks to the increase in VAT taxes the government proposes to further lower the income taxation. From our sheets and charts we can see that another tax decrease will prompt investors to spend more into our nation, that we can support our families better and that revenue through VAT taxes might increase because of the further increase of spendable income. Now lets remove this lie that the government supports the rich. Our government has ELIMINATED all taxes for people who earn less then 60.000 NED. Meaning that all incomes will have their first 60.000 NED tax free, then from 60.000 to 84.000 they pay only 18%, and the rest of their income is taxed from 84.000 onwards by 28%. Under our tax plans people can choose where to spend their money on. Henrik Hunyad President of the Confederation NEPP |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 307 | ||||
| no |
Total Seats: 294 | ||||
| abstain | Total Seats: 0 |
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