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Bill: Income tax proposal of March 4464
Details
Submitted by[?]: Liberté et Égalité
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: December 4464
Description[?]:
| The Liberté et Égalité propose to adjust the government's income tax policy to better address the economic situation of the Confederația Noului Endralon, Kizenia și Kuzaki (New Endralon / Kizenia). |
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 NED | 2% | 10,449,000,000 NED |
| > 10,000 NED | 5% | 43,538,000,000 NED |
| > 25,000 NED | 6% | 86,006,000,000 NED |
| > 50,000 NED | 7% | 81,068,000,000 NED |
| > 80,000 NED | 10% | 55,810,000,000 NED |
| > 100,000 NED | 12% | 56,824,000,000 NED |
| > 125,000 NED | 15% | 48,611,000,000 NED |
| > 150,000 NED | 17% | 44,779,000,000 NED |
| > 175,000 NED | 20% | 41,668,000,000 NED |
| > 200,000 NED | 22% | 37,561,000,000 NED |
| > 225,000 NED | 25% | 32,081,000,000 NED |
| > 250,000 NED | 27% | 25,336,000,000 NED |
| > 275,000 NED | 30% | 21,876,000,000 NED |
| > 300,000 NED | 33% | 18,875,000,000 NED |
| > 320,000 NED | 35% | 18,004,000,000 NED |
| > 350,000 NED | 38% | 9,226,000,000 NED | Total | 631,712,000,000 NED |
Debate
These messages have been posted to debate on this bill:
| Date | 20:29:16, October 03, 2018 CET | From | Liberté et Égalité | To | Debating the Income tax proposal of March 4464 |
| Message | We propose the new fiscal reform. we Add new brackets and reduce the lower tax 1000-10000 NED to 2%. Our objective will be, for the next time, to reduce to the minimum or to suppress the lower bracket tax. Our economy is dynamic and, after some stagnation, we have observed that our GDP has increased, both investment and consumption. Finance Minister |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 388 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 212 |
| Random fact: When forming a cabinet, try to include as few parties as possible, while still obtaining a majority of the seats. |
| Random quote: "The goal of life is living in agreement with nature." Zeno (335 BC - 264 BC), from Diogenes Laertius, Lives of Eminent Philosophers |