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Bill: LP-173: Income Tax Sanity Act
Details
Submitted by[?]: 莲花党 (Lotus Party) 🌸
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: November 4407
Description[?]:
| Mr. Speaker, It is clear following the 4407 Election that the people of Indrala reject the extreme taxation that they have endured for thirteen years under the Coalition of Chaos. Today, we give our people the relief they have been so desperately crying out for. Xi Rushi Leader Lotus Party |
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% | 124,038,000,000 INS |
| > 66,000 INS | 13% | 104,999,000,000 INS |
| > 88,000 INS | 17% | 53,976,000,000 INS |
| > 100,000 INS | 24% | 178,018,000,000 INS |
| > 144,000 INS | 30% | 60,855,000,000 INS |
| > 166,000 INS | 34% | 40,230,000,000 INS |
| > 188,000 INS | 37% | 69,250,000,000 INS |
| > 244,000 INS | 40% | 70,842,000,000 INS | Total | 702,208,000,000 INS |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 344 | ||||
| no |
Total Seats: 113 | ||||
| abstain |
Total Seats: 211 |
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