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Bill: Income tax proposal of September 4203
Details
Submitted by[?]: Socialist Party of Solentia (SPS)
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 4204
Description[?]:
| The United Communist Party(UCP) propose to adjust the government's income tax policy to better address the economic situation of the Solentian Social Republic. |
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 SOL | 2% | 11,636,000,000 SOL |
| > 21,500 SOL | 10% | 56,403,000,000 SOL |
| > 35,000 SOL | 15% | 63,227,000,000 SOL |
| > 50,000 SOL | 24% | 62,850,000,000 SOL |
| > 65,000 SOL | 39% | 113,351,000,000 SOL |
| > 90,000 SOL | 45% | 71,874,000,000 SOL |
| > 115,000 SOL | 58% | 42,850,000,000 SOL | Total | 422,191,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 500 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 0 |
| Random fact: For more information on Particracy's former colonial nations, check out http://forum.particracy.net/viewtopic.php?f=5&t=6640 |
| Random quote: "The key to understanding the American system is to imagine that you have the power to make nearly any law you want, but your worst enemy will be the one to enforce it." - Rick Cook |