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Bill: Programme for a Consistent Taxation System - Income Tax Proposal of September 4180
Details
Submitted by[?]: União Democrática do Tukarali
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: May 4181
Description[?]:
| The União Democrática Tukarêse 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 |
| > 52,500 TUK | 3% | 16,915,000,000 TUK |
| > 62,500 TUK | 6% | 32,969,000,000 TUK |
| > 72,500 TUK | 9% | 45,280,000,000 TUK |
| > 82,500 TUK | 12% | 53,943,000,000 TUK |
| > 92,500 TUK | 15% | 63,010,000,000 TUK |
| > 102,500 TUK | 18% | 66,773,000,000 TUK |
| > 112,500 TUK | 21% | 67,929,000,000 TUK |
| > 122,500 TUK | 24% | 68,265,000,000 TUK |
| > 132,500 TUK | 27% | 66,935,000,000 TUK |
| > 142,500 TUK | 30% | 71,344,000,000 TUK |
| > 152,500 TUK | 33% | 75,838,000,000 TUK |
| > 162,500 TUK | 36% | 73,602,000,000 TUK |
| > 172,500 TUK | 39% | 69,629,000,000 TUK |
| > 182,500 TUK | 42% | 65,853,000,000 TUK |
| > 192,500 TUK | 45% | 62,588,000,000 TUK |
| > 202,500 TUK | 48% | 64,372,000,000 TUK |
| > 212,500 TUK | 51% | 64,686,000,000 TUK |
| > 222,500 TUK | 54% | 56,309,000,000 TUK |
| > 232,500 TUK | 57% | 48,363,000,000 TUK |
| > 242,500 TUK | 60% | 630,811,000,000 TUK | Total | 1,765,414,000,000 TUK |
Debate
These messages have been posted to debate on this bill:
| Date | 03:53:16, March 16, 2017 CET | From | Partido Social Libertário | To | Debating the Programme for a Consistent Taxation System - Income Tax Proposal of September 4180 |
| Message | A person with a income of 242,500 will receive less then a person with the income of 232,500. This taxation is insane |
| Date | 13:03:11, March 16, 2017 CET | From | União Democrática do Tukarali | To | Debating the Programme for a Consistent Taxation System - Income Tax Proposal of September 4180 |
| Message | OOC: That is not correct. Only the portion of the income that exceeds 242,500 TUK is taxed at 60%, the income below that is taxed at the respective rates of the lower tax brackets. May you should read up on progressive taxation: https://en.wikipedia.org/wiki/Progressive_tax |
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Voting
| Vote | Seats | |
| yes | Total Seats: 138 | |
| no |
Total Seats: 37 | |
| abstain | Total Seats: 0 |
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