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Bill: Income tax proposal of July 4121
Details
Submitted by[?]: Partido Verde e Liberal
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: March 4122
Description[?]:
| The Partido Verde e Liberal 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 |
| > 20,000 TUK | 1% | 5,638,000,000 TUK |
| > 30,000 TUK | 3% | 16,915,000,000 TUK |
| > 40,000 TUK | 5% | 28,191,000,000 TUK |
| > 50,000 TUK | 7% | 39,468,000,000 TUK |
| > 60,000 TUK | 9% | 49,962,000,000 TUK |
| > 70,000 TUK | 11% | 57,118,000,000 TUK |
| > 80,000 TUK | 13% | 59,451,000,000 TUK |
| > 90,000 TUK | 15% | 64,793,000,000 TUK |
| > 100,000 TUK | 20% | 76,692,000,000 TUK |
| > 110,000 TUK | 21% | 70,459,000,000 TUK |
| > 120,000 TUK | 22% | 64,084,000,000 TUK |
| > 130,000 TUK | 23% | 58,748,000,000 TUK |
| > 140,000 TUK | 24% | 57,412,000,000 TUK |
| > 150,000 TUK | 25% | 58,515,000,000 TUK |
| > 160,000 TUK | 26% | 55,020,000,000 TUK |
| > 170,000 TUK | 27% | 49,592,000,000 TUK |
| > 180,000 TUK | 28% | 45,597,000,000 TUK |
| > 190,000 TUK | 29% | 41,149,000,000 TUK |
| > 200,000 TUK | 30% | 40,504,000,000 TUK |
| > 210,000 TUK | 31% | 39,906,000,000 TUK |
| > 220,000 TUK | 32% | 35,748,000,000 TUK |
| > 230,000 TUK | 33% | 28,800,000,000 TUK |
| > 240,000 TUK | 34% | 27,526,000,000 TUK |
| > 250,000 TUK | 35% | 27,443,000,000 TUK |
| > 260,000 TUK | 36% | 24,766,000,000 TUK |
| > 270,000 TUK | 37% | 24,106,000,000 TUK |
| > 280,000 TUK | 38% | 23,219,000,000 TUK |
| > 290,000 TUK | 39% | 21,908,000,000 TUK |
| > 300,000 TUK | 40% | 20,284,000,000 TUK |
| > 310,000 TUK | 41% | 18,437,000,000 TUK |
| > 320,000 TUK | 42% | 18,887,000,000 TUK |
| > 330,000 TUK | 43% | 19,187,000,000 TUK |
| > 340,000 TUK | 44% | 17,328,000,000 TUK |
| > 350,000 TUK | 45% | 14,929,000,000 TUK |
| > 360,000 TUK | 46% | 12,955,000,000 TUK |
| > 370,000 TUK | 47% | 13,237,000,000 TUK |
| > 380,000 TUK | 48% | 13,519,000,000 TUK |
| > 390,000 TUK | 49% | 13,800,000,000 TUK |
| > 400,000 TUK | 50% | 14,082,000,000 TUK |
| > 410,000 TUK | 51% | 14,363,000,000 TUK |
| > 420,000 TUK | 52% | 14,645,000,000 TUK |
| > 430,000 TUK | 53% | 14,927,000,000 TUK |
| > 440,000 TUK | 54% | 15,208,000,000 TUK |
| > 450,000 TUK | 55% | 13,031,000,000 TUK |
| > 460,000 TUK | 56% | 12,642,000,000 TUK |
| > 470,000 TUK | 57% | 10,481,000,000 TUK |
| > 480,000 TUK | 58% | 9,664,000,000 TUK |
| > 490,000 TUK | 59% | 6,701,000,000 TUK |
| > 500,000 TUK | 60% | 34,727,000,000 TUK | Total | 1,515,764,000,000 TUK |
Debate
These messages have been posted to debate on this bill:
| Date | 02:15:24, November 17, 2016 CET | From | Partido Verde e Liberal | To | Debating the Income tax proposal of July 4121 |
| Message | We propose this bill because is needed income tax reform (lower taxes increase buy strength and all economics). |
| Date | 08:02:34, November 17, 2016 CET | From | União Democrática do Tukarali | To | Debating the Income tax proposal of July 4121 |
| Message | "This proposal once more demonstrates how the economic policies of the Partido Verde e Liberal spell ruin. Reducing the tax intake in this way will slow down the economy. The state will have less money to spend, thereby reducing GDP, and consequently everyone will be worse off." Rute Souza, UDT spokesperson for Finance and the Economy |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 25 | |||
| no | Total Seats: 80 | |||
| abstain |
Total Seats: 0 |
| 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: "Since a politician never believes what he says, he is quite surprised to be taken at his word." Charles De Gaulle (1890 - 1970) |