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Bill: RL:13 - Income tax proposal of February 4395
Details
Submitted by[?]: 匡民會 Renewal 🤚
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: October 4395
Description[?]:
| Mr. Speaker, This new tax plan for Indrala will pay for essential upkeep for defensive and security purposes. However, it is important to note that only the top 3 brackets have been amended and only the richest of Indrala will be paying most taxes. This will help to build a stronger and fairer economy, while giving the government more room to expand its services. Chen Gang Finance Minister |
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 |
| > 44,000 INS | 11% | 124,008,000,000 INS |
| > 66,000 INS | 13% | 104,945,000,000 INS |
| > 88,000 INS | 17% | 53,948,000,000 INS |
| > 100,000 INS | 24% | 177,955,000,000 INS |
| > 144,000 INS | 30% | 60,861,000,000 INS |
| > 166,000 INS | 43% | 50,880,000,000 INS |
| > 188,000 INS | 55% | 102,998,000,000 INS |
| > 244,000 INS | 80% | 141,697,000,000 INS | Total | 817,292,000,000 INS |
Debate
These messages have been posted to debate on this bill:
| Date | 15:56:17, May 18, 2018 CET | From | 葵花聯盟 (Sunflower Coalition) 🌻 | To | Debating the RL:13 - Income tax proposal of February 4395 |
| Message | Mr. Speaker, This is entirely too much of a an increase in taxes for the upper three tiers. 80 percent? That is much too high of a value, and while my party does support a fairer Indrala, this goes too far. What the republicans will end up doing is driving the rich from Indrala to other places across the world, most likely destroying our economy, government income, and the welfare of other Indralans. Dr. Cheng Ah Party Leader Social Democratic Party |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 367 | |||
| no | Total Seats: 116 | |||
| abstain | Total Seats: 185 |
| Random fact: "Game mechanics comes first." For example, if a currently-enforced bill sets out one law, then a player cannot claim the government has set out a contradictory law. |
| Random quote: "[The people] may forget what you said, but they will never forget how you made them feel." - Carl W. Buechner |