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Bill: Income tax proposal of January 4414
Details
Submitted by[?]: Lýðveldisflokkurinn (Republican 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: September 4414
Description[?]:
| The Lýðveldisflokkurinn (Republican Party) propose to adjust the government's income tax policy to better address the economic situation of the Manrick Union, Telamon/Grenmark / Manrick Stéttarfélags, Tælmörk/Grænmörk. Introducing tax cuts for the two lower bands, while lowering the threshold for paying the higher 60% rate from 12kTPD to 10kTPD |
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 |
| > 2,000 TPD | 15% | 15,750,000,000 TPD |
| > 4,000 TPD | 28% | 18,843,000,000 TPD |
| > 6,000 TPD | 40% | 13,409,000,000 TPD |
| > 8,000 TPD | 50% | 11,483,000,000 TPD |
| > 10,000 TPD | 60% | 18,018,000,000 TPD | Total | 77,503,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 123 | |
| no | Total Seats: 0 | |
| abstain |
Total Seats: 0 |
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