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Bill: Income tax proposal of March 4334
Details
Submitted by[?]: Soziale Gegenseitigkeitspartei
Status[?]: defeated
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: November 4334
Description[?]:
| The Soziale Gegenseitigkeitspartei propose to adjust the government's income tax policy to better address the economic situation of the Republik Dorvik (Republic of Dorvik). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 30
Proposed: 12
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 |
| > 5,000 DDO | 5% | 14,339,000,000 DDO |
| > 10,000 DDO | 8% | 21,543,000,000 DDO |
| > 15,000 DDO | 13% | 27,835,000,000 DDO |
| > 20,000 DDO | 18% | 28,366,000,000 DDO |
| > 25,000 DDO | 24% | 24,870,000,000 DDO |
| > 30,000 DDO | 29% | 21,883,000,000 DDO |
| > 35,000 DDO | 35% | 18,210,000,000 DDO |
| > 40,000 DDO | 42% | 17,719,000,000 DDO |
| > 45,000 DDO | 48% | 15,815,000,000 DDO |
| > 50,000 DDO | 50% | 12,951,000,000 DDO |
| > 55,000 DDO | 52% | 10,603,000,000 DDO |
| > 60,000 DDO | 54% | 8,639,000,000 DDO |
| > 65,000 DDO | 56% | 5,638,000,000 DDO |
| > 70,000 DDO | 58% | 2,995,000,000 DDO |
| > 75,000 DDO | 60% | 1,770,000,000 DDO |
| > 80,000 DDO | 63% | 812,000,000 DDO | Total | 233,988,000,000 DDO |
Debate
These messages have been posted to debate on this bill:
| Date | 14:31:08, January 16, 2018 CET | From | Freie Demokratische Union | To | Debating the Income tax proposal of March 4334 |
| Message | Mr.Speaker, The Dorvish Social Union supports the Reduction in Corporate Tax Rates but The Income Tax Proposal will make our Personal Tax System one of the Most Complex in the World,And Therefore we would be unable to Support This Proposal. Thank You, Cristina Neühausser, DSU Spokeswoman For Finance |
| Date | 18:57:07, January 16, 2018 CET | From | Volkspartei für Freiheit und Demokratie | To | Debating the Income tax proposal of March 4334 |
| Message | Mr Speaker, The Conservatives support a decrease in cooperation tax although these tax hikes for middle income earners are disgraceful! We will vote no! Katarina Riemann MSC Leader of the Conservatives |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 100 | |||||
| no |
Total Seats: 462 | |||||
| abstain | Total Seats: 0 |
| Random fact: When forming a cabinet, try to include as few parties as possible, while still obtaining a majority of the seats. |
| Random quote: "Hatred is gained as much by good works as by evil." - Niccolo Machiavelli |