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Bill: Income tax proposal of May 4292/ The budget
Details
Submitted by[?]: Social Democrat Party
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: January 4293
Description[?]:
The Social Democrat Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Vorona. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 20
Proposed: 25
Article 2
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 |
> 50 DNT | 5% | 0 DNT |
> 100 DNT | 8% | 0 DNT |
> 300 DNT | 10% | 0 DNT |
> 400 DNT | 12% | 0 DNT |
> 500 DNT | 14% | 0 DNT |
> 1,000 DNT | 16% | 0 DNT |
> 2,000 DNT | 18% | 0 DNT |
> 3,000 DNT | 20% | 0 DNT |
> 4,000 DNT | 22% | 0 DNT |
> 5,000 DNT | 25% | 0 DNT |
> 10,000 DNT | 40% | 0 DNT | Total | 0 DNT |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |||||
yes | Total Seats: 236 | |||||
no | Total Seats: 27 | |||||
abstain |
Total Seats: 37 |
Random fact: When elections in a country are held, all bills in the voting phase are reset to the debate phase. |
Random quote: "Since when did you care about women?" - Faith Chiang, former Gaduri politician |