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Bill: Income tax proposal of October 4477
Details
Submitted by[?]: United Communist 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 not pass any sooner than the deadline.
Voting deadline: June 4478
Description[?]:
| The United Communist Party propose to adjust the government's income tax policy to better address the economic situation of the Capitalist State of Hobrazia. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 7
Current: 50
Proposed: 10
Article 2
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 HCR | 1% | 7,893,000,000 HCR |
| > 25,000 HCR | 2% | 14,047,000,000 HCR |
| > 50,000 HCR | 3% | 5,674,000,000 HCR |
| > 65,000 HCR | 8% | 6,741,000,000 HCR |
| > 75,000 HCR | 10% | 6,052,000,000 HCR |
| > 85,000 HCR | 19% | 10,346,000,000 HCR |
| > 100,000 HCR | 28% | 11,441,000,000 HCR | Total | 62,194,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes |
Total Seats: 208 | |||
| no | Total Seats: 15 | |||
| abstain | Total Seats: 127 |
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