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Bill: Income tax proposal of April 4443
Details
Submitted by[?]: People's Socialist 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: February 4444
Description[?]:
| The People's Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the Grand Imperial Union of Dankuk (단국 대제국). |
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 |
| > 1,000 DRA | 7% | 76,371,000,000 DRA |
| > 20,000 DRA | 15% | 154,507,000,000 DRA |
| > 40,000 DRA | 25% | 144,273,000,000 DRA |
| > 60,000 DRA | 35% | 110,885,000,000 DRA |
| > 80,000 DRA | 45% | 84,288,000,000 DRA |
| > 100,000 DRA | 55% | 131,918,000,000 DRA |
| > 150,000 DRA | 60% | 22,770,000,000 DRA | Total | 725,012,000,000 DRA |
Debate
These messages have been posted to debate on this bill:
| Date | 12:02:19, August 23, 2018 CET | From | Conservative Party (보수당) | To | Debating the Income tax proposal of April 4443 |
| Message | Dear Speaker, We could agree to a smaller reduction but the current one is too much and will send the economy into chaos Christina Lambeth Prime Minister |
| Date | 19:34:05, August 23, 2018 CET | From | Sunrise Party 해돋이당 | To | Debating the Income tax proposal of April 4443 |
| Message | Dear PSP, Given the current worries about world economy, we are going to vote yes for this for now while the economy is still good to gain a bit of a monetary stockpile. An amendment can be proposed later to further adjust the rates. Signed, Seol Dae-Kwan Foreign Minister |
| Date | 19:36:55, August 23, 2018 CET | From | Sunrise Party 해돋이당 | To | Debating the Income tax proposal of April 4443 |
| Message | Dear minister of Finance, Perhaps you can vote yes, but we shall vote abstain until further information appears. Signed, Kim Min ah Secretary in financial dept. |
| Date | 19:37:24, August 23, 2018 CET | From | Sunrise Party 해돋이당 | To | Debating the Income tax proposal of April 4443 |
| Message | OOC:Correction Foreign minister |
| Date | 00:36:02, August 24, 2018 CET | From | Sunrise Party 해돋이당 | To | Debating the Income tax proposal of April 4443 |
| Message | After careful consideration of world events and internal debate, we also have decided to vote for this. Signed, Sang Jin Finance Minister |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 148 | ||
| no |
Total Seats: 112 | ||
| abstain | Total Seats: 0 |
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