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Bill: Income tax proposal of November 4220
Details
Submitted by[?]: Social Democratic Party (SDP)
Status[?]: defeated
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: July 4221
Description[?]:
| Odysseus Uxío: " We are making to much debt! We want our army to be strong, give everyone free health, offer our children the best education etc.. Well then we also need to know that there's a price tag on al of this. That's why we need to change our income tax system |
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 |
| > 20,000 SOL | 1% | 8,056,000,000 SOL |
| > 40,000 SOL | 5% | 22,592,000,000 SOL |
| > 60,000 SOL | 15% | 89,417,000,000 SOL | Total | 120,065,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 00:51:44, June 04, 2017 CET | From | Republican Party | To | Debating the Income tax proposal of November 4220 |
| Message | This would raise the taxes on the middle class. We oppose a tax increase |
| Date | 05:50:38, June 04, 2017 CET | From | Social Democratic Party (SDP) | To | Debating the Income tax proposal of November 4220 |
| Message | So you rather have a HUGE debt? |
| Date | 06:36:56, June 04, 2017 CET | From | SUN | To | Debating the Income tax proposal of November 4220 |
| Message | The budget shortfall is enormous. Whatever Senate passed the last budget left the country with chaos. We need a new budget. |
| Date | 06:40:39, June 04, 2017 CET | From | SUN | To | Debating the Income tax proposal of November 4220 |
| Message | We don't know what the Republicans are complaining about. This income tax plan is as Republican as it can get. 15% for the top bracket? Until we get a new budget and look at our tax plan again, this bill will stop us from sinking. Fortunately, the Central Bank of Solentia has a huge cash reserve. But we need to start dealing with a surplus. |
| Date | 23:48:54, June 04, 2017 CET | From | Republican Party | To | Debating the Income tax proposal of November 4220 |
| Message | The budget fall means we should scale back spending not increase taxes |
| Date | 23:52:28, June 04, 2017 CET | From | Social Democratic Party (SDP) | To | Debating the Income tax proposal of November 4220 |
| Message | This will also mean we scale back spending for the military. We are not in favor of this. The people know that things like free healthcare, good education and a strong army are a cost. Taxes are necessary here. And you need to admit the proposed taxes aren't high. |
| Date | 04:18:29, June 05, 2017 CET | From | Republican Party | To | Debating the Income tax proposal of November 4220 |
| Message | The previous tax rates were an agreement to allow early elections. This was a compromise from abolishing the tax cut. We refuse to go And increase tax cuts. We republicans increased the budget because people got mad at the cuts we had before. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 338 | |||
| no |
Total Seats: 161 | |||
| abstain |
Total Seats: 250 |
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