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Bill: Income tax proposal of March 4511
Details
Submitted by[?]: Herstigte Nasionale 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: November 4511
Description[?]:
| The Herstigte Nasionale Party propose to adjust the government's income tax policy to better address the economic situation of the Republiek van Seridjan (Republic of Saridan). Abolishing the 60% lower rate for all income under 1000. |
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 |
| > 5,000 SAD | 40% | 112,227,000,000 SAD |
| > 10,000 SAD | 35% | 94,583,000,000 SAD |
| > 15,000 SAD | 40% | 163,818,000,000 SAD |
| > 25,000 SAD | 45% | 95,196,000,000 SAD |
| > 35,000 SAD | 50% | 65,996,000,000 SAD |
| > 45,000 SAD | 55% | 45,878,000,000 SAD |
| > 55,000 SAD | 60% | 12,448,000,000 SAD |
| > 60,000 SAD | 65% | 26,225,000,000 SAD | Total | 616,371,000,000 SAD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 71 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 29 |
| Random fact: The players in a nation have a collective responsibility to ensure their "Bills under debate" section is kept in good order. Bills which are irrelevant or have become irrelevant should be deleted. Deletion can be requested for bills proposed by inactive parties on the Bill Clearout Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "A proof is a proof. What kind of a proof? It's a proof. A proof is a proof. And when you have a good proof, it's because it's proven." - Jean Chretien (describing the level of proof about weapons of mass destruction that Canada required to join the Iraq War) |