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Bill: Income tax proposal of June 4546
Details
Submitted by[?]: Liberal 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: February 4547
Description[?]:
The Liberal Party propose to adjust the government's income tax policy to better address the economic situation of the United Solentian Republic. For fixing and reducing our budget deficit. Zeljko Jovic, Minister of Financy. |
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 |
> 1,999 SOL | 10% | 2,829,000,000 SOL |
> 2,500 SOL | 12% | 16,939,000,000 SOL |
> 5,000 SOL | 13% | 36,701,000,000 SOL |
> 10,000 SOL | 15% | 42,348,000,000 SOL |
> 15,000 SOL | 21% | 58,485,000,000 SOL |
> 20,000 SOL | 26% | 62,092,000,000 SOL |
> 25,000 SOL | 32% | 66,781,000,000 SOL |
> 30,000 SOL | 36% | 128,466,000,000 SOL |
> 40,000 SOL | 42% | 109,150,000,000 SOL |
> 50,000 SOL | 48% | 186,852,000,000 SOL |
> 75,000 SOL | 49% | 122,404,000,000 SOL |
> 100,000 SOL | 50% | 74,026,000,000 SOL | Total | 907,073,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
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Vote | Seats | |||||
yes |
Total Seats: 55 | |||||
no | Total Seats: 0 | |||||
abstain |
Total Seats: 20 |
Random fact: "Kubrk" is a Jelbic word that has the colloquial meaning "old man" or "geezer". |
Random quote: "It is necessary for him who lays out a state and arranges laws for it to presuppose that all men are evil and that they are always going to act according to the wickedness of their spirits whenever they have free scope." - Niccolo Machiavelli |