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Bill: Income tax proposal of August 4484
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: April 4485
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% | 10,454,000,000 NED |
| > 10,000 NED | 7% | 60,982,000,000 NED |
| > 25,000 NED | 8% | 114,732,000,000 NED |
| > 50,000 NED | 9% | 90,108,000,000 NED |
| > 75,000 NED | 12% | 85,918,000,000 NED |
| > 100,000 NED | 14% | 66,337,000,000 NED |
| > 125,000 NED | 17% | 55,118,000,000 NED |
| > 150,000 NED | 19% | 50,062,000,000 NED |
| > 175,000 NED | 22% | 45,834,000,000 NED |
| > 200,000 NED | 24% | 40,974,000,000 NED |
| > 225,000 NED | 27% | 34,656,000,000 NED |
| > 250,000 NED | 29% | 27,212,000,000 NED |
| > 275,000 NED | 32% | 23,345,000,000 NED |
| > 300,000 NED | 35% | 20,029,000,000 NED |
| > 320,000 NED | 37% | 14,112,000,000 NED |
| > 340,000 NED | 39% | 9,779,000,000 NED |
| > 360,000 NED | 41% | 3,905,000,000 NED |
| > 370,000 NED | 42% | 1,261,000,000 NED | Total | 754,818,000,000 NED |
Debate
These messages have been posted to debate on this bill:
| Date | 19:38:06, November 13, 2018 CET | From | Liberté et Égalité | To | Debating the Income tax proposal of August 4484 |
| Message | On our way to achieve a budget for education of 7% of GDP along with a good budget in defense, we propose this fiscal policy. Direct taxes are those that have been modified most, taking the bracket of the 25,000 NED and keeping the lowest. These taxes allow us to progressivity and it will be necessary to combine this policy with taxes on consumption in the near future. We will answer all the questions from the deputies about this topic. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 595 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 0 |
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