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Bill: Income tax proposal of November 4245
Details
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 4246
Description[?]:
| The People's Party 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 |
| > 5,000 SOL | 5% | 14,116,000,000 SOL |
| > 10,000 SOL | 15% | 151,252,000,000 SOL |
| > 30,000 SOL | 18% | 111,003,000,000 SOL |
| > 50,000 SOL | 20% | 89,521,000,000 SOL |
| > 80,000 SOL | 25% | 26,333,000,000 SOL |
| > 90,000 SOL | 30% | 25,726,000,000 SOL |
| > 100,000 SOL | 40% | 59,212,000,000 SOL | Total | 477,163,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 20:15:49, July 23, 2017 CET | From |  AnNAP | To | Debating the Income tax proposal of November 4245 |
| Message | A fair tax plan |
| Date | 21:56:10, July 23, 2017 CET | From | Progressive Liberal Party | To | Debating the Income tax proposal of November 4245 |
| Message | We want a tax free zone till >15000SOL. Therefore we vote against this bill |
| Date | 22:03:23, July 23, 2017 CET | From | SUN | To | Debating the Income tax proposal of November 4245 |
| Message | Our party has taken great pains to ensure low-income earners keep all of the fruits of their labour. In addition, our middle income earners should enjoy fair rates. We have also capped the rate for top earners to ensure our upper classes do not vacate the country in search of countries with far lower rates. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 84 | |||
| no | Total Seats: 223 | |||
| abstain |
Total Seats: 193 |
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