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Bill: Income tax proposal of October 4243
Details
Submitted by[?]: Sozialdemokratische Arbeitsfront (SDA)
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: November 4244
Description[?]:
| This tax increase for income's above 20.000 DDO will increase the income tax for this group with 5% to a total of 15% We removed the bracket for income's of 25.000 DDO and higher to still keep the taxsystem simple like we intended it to be when we reformed it 2 years ago. What we want to achieve with this tax increase of 5% is that we can get more funding for the Military expanditure budget. NOTE: All other brackets and taxes for incomes of 15.000 and higher and incomes of 30.000 and higher stay the same. |
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 |
| > 15,000 DDO | 6% | 12,858,000,000 DDO |
| > 20,000 DDO | 15% | 39,210,000,000 DDO |
| > 30,000 DDO | 20% | 15,098,000,000 DDO |
| > 35,000 DDO | 30% | 38,168,000,000 DDO |
| > 50,000 DDO | 35% | 9,063,000,000 DDO |
| > 55,000 DDO | 40% | 14,554,000,000 DDO |
| > 65,000 DDO | 45% | 8,761,000,000 DDO | Total | 137,712,000,000 DDO |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||||
| yes | Total Seats: 61 | ||||||
| no |
Total Seats: 446 | ||||||
| abstain | Total Seats: 92 |
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