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Bill: Reforma Impositiva [4337]
Details
Submitted by[?]: Frente Nacional Democrático
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: June 4338
Description[?]:
| Our current tax system is older than 20 years, part of the legacy of Communist governments that destroyed our economy, today I'm here proposing this flat tax system, which will accelerate the economic growth, creating more jobs. This is a great tax cut for our middle class, which has been struggling, and now will have the possibility to invest their savings for once since the end of communism. -Raúl Ambrosi, Minister of Finance. |
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 |
| > 1 EGP | 8% | 73,038,000,000 EGP | Total | 73,038,000,000 EGP |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||||
| yes |
Total Seats: 122 | |||||
| no | Total Seats: 0 | |||||
| abstain | Total Seats: 67 |
| Random fact: Unless otherwise stated, monarchs and their royal houses will be presumed to be owned by the player who introduced the bill appointing them to their position. |
| Random quote: "Socialism failed because it couldn't tell the economic truth; capitalism may fail because it couldn't tell the ecological truth." Lester Brown, Fortune Brainstorm Conference, 2006 |