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Bill: Income tax proposal of December 4124
Details
Submitted by[?]: Parti Libéral
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: August 4125
Description[?]:
| We are facing a deficit running into the tens of billions. These taxes secure billions more income without being to harsh on the poor. We understand they are extreme, but until a better solution is available we believe this is the way to go. When we can raise income in other ways we should change these, but it is necessary for our current economic crisis. |
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 |
| > 2,000 RCR | 5% | 8,704,000,000 RCR |
| > 5,000 RCR | 10% | 20,789,000,000 RCR |
| > 10,000 RCR | 15% | 17,611,000,000 RCR |
| > 15,000 RCR | 25% | 15,847,000,000 RCR |
| > 20,000 RCR | 30% | 11,589,000,000 RCR |
| > 25,000 RCR | 35% | 9,144,000,000 RCR |
| > 30,000 RCR | 40% | 2,704,000,000 RCR |
| > 35,000 RCR | 45% | 1,356,000,000 RCR |
| > 40,000 RCR | 50% | 50,000,000 RCR | Total | 87,794,000,000 RCR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 32 | ||||
| no |
Total Seats: 43 | ||||
| abstain | Total Seats: 0 |
| Random fact: Parties have the ability to endorse another party's candidate for the Head of State election (if there is one). This adds a strategic element to the elections. |
| Random quote: "Men's natures are alike, it is their habits that carry them far apart." - Confucius |