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Bill: Income tax proposal of April 4174

Details

Submitted by^[?]: United National Congress

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: December 4174

Description^[?]:

The United National Congress propose to adjust the government's income tax policy to better address the economic situation of the United Republic of Pontesi. We propose some sensible tax cuts, as we have a fairly modest surplus as of present.

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
> 11,000 PON	15%	77,879,000,000 PON
> 20,000 PON	23%	66,341,000,000 PON
> 25,000 PON	29%	67,462,000,000 PON
> 30,000 PON	41%	121,499,000,000 PON
> 40,000 PON	45%	274,279,000,000 PON
> 75,000 PON	48%	112,531,000,000 PON
> 100,000 PON	50%	80,506,000,000 PON
Total		800,497,000,000 PON

Debate

These messages have been posted to debate on this bill:

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Voting

Vote

Seats

yes

Total Seats: 169

🐘Liberal Democrats (72)
Metzism movement party of Pontesi (29)

Total Seats: 101

abstain

Democratic Party (30)
Malcolm D. Party (0)

Total Seats: 30

Random fact: Moderation will not approve a Cultural Protocol request within the first 48 hours of it being requested. This is in order to give other players a chance to query the proposed changes, if they wish to do so. Moderation may be approached for advice on a proposed change, but any advice proffered should always be understood under the provisio that no final decision will be made until at least 48 hours after the request has been formally submitted for approval.

Random quote: "What difference does it make to the dead, the orphans, and the homeless, whether the mad destruction is wrought under the name of totalitarianism or the holy name of liberty and democracy?" - Mahatma Gandhi.

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