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Bill: Income tax proposal of August 4495 - Draft
Details
Submitted by[?]: Alleanza Radicale - NCD
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 4497
Description[?]:
| The Alleanza Radicale - NCD propose to adjust the government's income tax policy to better address the economic situation of the Repubblica Istaliana (Istalia). After the already presented budgetary law, thanks to the reduction in the expenses, we propose to intervene on the income tax decreasing all the three lower brackets. A measure that we are sure will help greatly the low and medium income citizens. Thank you" |
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 |
| > 1,501 LIS | 5% | 2,854,000,000 LIS |
| > 2,501 LIS | 14% | 15,985,000,000 LIS |
| > 4,501 LIS | 24% | 23,743,000,000 LIS |
| > 6,501 LIS | 31% | 51,852,000,000 LIS |
| > 13,001 LIS | 38% | 35,062,000,000 LIS | Total | 129,496,000,000 LIS |
Debate
These messages have been posted to debate on this bill:
| Date | 02:23:02, December 07, 2018 CET | From | Partito degli Agricoltori - NCD | To | Debating the Income tax proposal of August 4495 - Draft |
| Message | Mr. Speaker, We support this |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 248 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 140 |
| Random fact: Particracy does not allow role-play that seems to belong to the world of fantasy, science fiction and futuristic speculation. |
| Random quote: "I do not believe in the creed professed by the Jewish church, by the Roman church, by the Greek church, by the Turkish church, by the Protestant church, nor by any church that I know of. My own mind is my own church." - Thomas Paine |