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Bill: Income tax proposal of April 4349
Details
Submitted by[?]: União Democrática do Tukarali
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 4349
Description[?]:
| The União Democrática Tukarese propose to adjust the government's income tax policy to better address the economic situation of the República Democrática do Tukarali. This bill provides a universal cut of income taxes by shifting all tax bands upwards by 10000 TUK and eliminates the highest tax band. |
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 |
| > 25,000 TUK | 3% | 25,323,000,000 TUK |
| > 40,000 TUK | 6% | 50,645,000,000 TUK |
| > 55,000 TUK | 9% | 75,187,000,000 TUK |
| > 70,000 TUK | 12% | 90,156,000,000 TUK |
| > 85,000 TUK | 15% | 98,193,000,000 TUK |
| > 100,000 TUK | 18% | 99,751,000,000 TUK |
| > 115,000 TUK | 21% | 95,424,000,000 TUK |
| > 130,000 TUK | 24% | 90,174,000,000 TUK |
| > 145,000 TUK | 27% | 95,011,000,000 TUK |
| > 160,000 TUK | 30% | 91,618,000,000 TUK |
| > 175,000 TUK | 33% | 83,170,000,000 TUK |
| > 190,000 TUK | 36% | 603,264,000,000 TUK | Total | 1,497,916,000,000 TUK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 66 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 59 |
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