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Bill: Income tax proposal of April 4320
Details
Submitted by[?]: Popular Progressive Party of Pontesi
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: December 4320
Description[?]:
| Reductions: > 40,000 PON -2% > 50,000 PON -5% |
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 |
| > 10,000 PON | 5% | 28,872,000,000 PON |
| > 20,000 PON | 10% | 52,158,000,000 PON |
| > 30,000 PON | 15% | 44,498,000,000 PON |
| > 40,000 PON | 18% | 37,867,000,000 PON |
| > 50,000 PON | 20% | 36,157,000,000 PON |
| > 60,000 PON | 30% | 45,279,000,000 PON |
| > 70,000 PON | 35% | 43,394,000,000 PON |
| > 80,000 PON | 40% | 37,467,000,000 PON |
| > 90,000 PON | 45% | 38,365,000,000 PON |
| > 100,000 PON | 50% | 80,604,000,000 PON | Total | 444,661,000,000 PON |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 263 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 17 |
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| Random quote: "Democracy is the theory that the common people know what they want and deserve to get it good and hard." - H. L. Mencken |