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Bill: Income tax proposal of June 4153
Details
Submitted by[?]: 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: June 4154
Description[?]:
| The Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Republic Of Telamonia. |
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 |
| > 1,000 TPD | 35% | 39,527,000,000 TPD |
| > 3,000 TPD | 35% | 30,756,000,000 TPD |
| > 5,000 TPD | 35% | 16,313,000,000 TPD |
| > 7,000 TPD | 35% | 9,634,000,000 TPD |
| > 9,000 TPD | 40% | 16,155,000,000 TPD | Total | 112,385,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:42:03, January 19, 2017 CET | From | Authoritarian Party | To | Debating the Income tax proposal of June 4153 |
| Message | We will support this bill |
| Date | 18:07:00, January 20, 2017 CET | From | Telamonian Workers' Movement (TWM) | To | Debating the Income tax proposal of June 4153 |
| Message | Where will you get the funding from to increase spending? |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 154 | ||
| no | Total Seats: 108 | ||
| abstain | Total Seats: 38 |
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