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Bill: Income tax proposal of November 4472
Details
Submitted by[?]: New Progressive Party of Pontesi
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: July 4473
Description[?]:
The New Progressive Party of Pontesi propose to adjust the government's income tax policy to better address the economic situation of the Federal Constitutional Republic of Pontesi. The current tax system has quite extraordinarily high taxes and we of the New Progressive Party of Pontesi cannot accept that. We propose to cut taxes all across the board while still keeping a progressive tax system in place, as well as staying in a surplus. |
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 |
> 10,000 PON | 2% | 11,522,000,000 PON |
> 20,000 PON | 8% | 41,629,000,000 PON |
> 30,000 PON | 15% | 75,863,000,000 PON |
> 50,000 PON | 25% | 82,716,000,000 PON |
> 70,000 PON | 40% | 120,842,000,000 PON |
> 100,000 PON | 55% | 88,415,000,000 PON | Total | 420,987,000,000 PON |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes | Total Seats: 100 | |
no | Total Seats: 0 | |
abstain | Total Seats: 0 |
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