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Bill: Income tax proposal of May 4126
Details
Submitted by[?]: Social-Democratic 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: January 4127
Description[?]:
The Social-Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Solentia. The current system has to much space between the brackets. dividing them better gives us, as government, the opportunity to spend more, The taxpayers to not have to pay more SOL's. dont believe it? see it yourself: Low incomes:(25.000 SOL) Now: 3750 SOL Proposed: 3500 SOL Middle incomes (50.000 SOL) Now: 17.500 SOL Proposed: 14.000 SOL High incomes (75.000 SOL) Now: 30.000 SOL Proposed: 27.000 SOL But how is this system beneficial to the government? Current tax profit: 487,433,513,059 SOL Proposed tax profit: 497,202,000,000 SOL Current surplus: -14,976,559,938 SOL Proposed surplus: (with the spending cuts propsed by the NLP) -1.274.072.997 That is a reduce of 91,5% That is the power of proper dividing. |
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 |
> 5,000 SOL | 9% | 38,087,000,000 SOL |
> 12,500 SOL | 12% | 116,021,000,000 SOL |
> 32,500 SOL | 14% | 35,895,000,000 SOL |
> 40,000 SOL | 20% | 40,606,000,000 SOL |
> 47,500 SOL | 24% | 38,307,000,000 SOL |
> 55,000 SOL | 28% | 44,480,000,000 SOL |
> 65,000 SOL | 32% | 40,570,000,000 SOL |
> 75,000 SOL | 36% | 142,900,000,000 SOL | Total | 496,866,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
Date | 16:57:42, November 26, 2016 CET | From | National Libertarian Party | To | Debating the Income tax proposal of May 4126 |
Message | Although I am staunchly opposed to a progressive tax system, you will have my vote. I think this is a good temporary solution that would balance the budget and give us more leeway with the budget. |
Date | 18:37:51, November 26, 2016 CET | From | Social-Democratic Party | To | Debating the Income tax proposal of May 4126 |
Message | The surplus above zero act (SAZA) made by the SDP is the better option for the NLP spending proposal, and it wil actually get Solentia the surplus above zero! Vote yes now! |
Date | 19:49:55, November 26, 2016 CET | From | The Solentian Workers' Movement | To | Debating the Income tax proposal of May 4126 |
Message | More taxation on the poor! Less on the rich! Elitism at its finest. |
Date | 19:57:41, November 26, 2016 CET | From | Social-Democratic Party | To | Debating the Income tax proposal of May 4126 |
Message | if you calculate it, you would know that it is actually the oppposite. . |
Date | 19:59:56, November 26, 2016 CET | From | National Libertarian Party | To | Debating the Income tax proposal of May 4126 |
Message | I fail to see why lower taxes on everyone is such an evil thing. |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 258 | ||||
no | Total Seats: 242 | ||||
abstain | Total Seats: 0 |
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