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Bill: Income tax proposal of April 4421
Details
Submitted by[?]: Saridan Democratic Union
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: December 4422
Description[?]:
| The The Other nation Coalition propose to adjust the government's income tax policy to better address the economic situation of the Republiek van Seridjan (Republic of Saridan). New tax system, removing direct taxation of the poorest, removing Taxation on basic goods, and putting the companies responsible for the nation. Estimated new brackets (in how much a person earn after taxation) Earning (After Taxtation) ((taken in tax)) 0-9999, the poorest keep 100% 10000 (9500) ((500)) 17000 (15300) ((1700)) 20000 (17000) ((3000)) 25000 (18750) ((6250)) 35000 (22750) ((12250)) 40000 (24000) ((16000)) 51000 (30090) ((20910)) 60000 (34200) ((25800)) 70000 (39200) ((30800)) 80000 (41600) ((38400)) |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 6
Current: 0
Proposed: 0
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 40
Proposed: 30
Article 3
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 |
| > 10,000 SAD | 5% | 18,541,000,000 SAD |
| > 17,000 SAD | 10% | 13,821,000,000 SAD |
| > 20,000 SAD | 15% | 25,779,000,000 SAD |
| > 25,000 SAD | 25% | 52,994,000,000 SAD |
| > 35,000 SAD | 35% | 25,240,000,000 SAD |
| > 40,000 SAD | 40% | 47,841,000,000 SAD |
| > 51,000 SAD | 41% | 18,417,000,000 SAD |
| > 60,000 SAD | 43% | 10,813,000,000 SAD |
| > 70,000 SAD | 44% | 5,000,000,000 SAD |
| > 80,000 SAD | 48% | 1,882,000,000 SAD | Total | 220,328,000,000 SAD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes |
Total Seats: 214 | |
| no |
Total Seats: 286 | |
| abstain | Total Seats: 0 |
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