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Bill: Tax Readjustment
Details
Submitted by[?]: Humanist Party
Status[?]: defeated
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: April 4553
Description[?]:
To ensure that people on lower incomes are not taxed too heavily or at all so they may use their funds to support themselves instead of relying on support from the government. We also propose the introduction of a tax levied on corporations, to offset the reduced income tax. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 0
Proposed: 25
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 |
> 5,000 SOL | 5% | 14,125,000,000 SOL |
> 10,000 SOL | 10% | 56,119,000,000 SOL |
> 20,000 SOL | 20% | 89,570,000,000 SOL |
> 30,000 SOL | 30% | 107,128,000,000 SOL |
> 40,000 SOL | 40% | 104,028,000,000 SOL |
> 50,000 SOL | 50% | 319,594,000,000 SOL |
> 100,000 SOL | 55% | 81,454,000,000 SOL | Total | 772,018,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
Date | 19:58:38, March 27, 2019 CET | From | Social Democratic Party | To | Debating the Tax Readjustment |
Message | We vote yes |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 50 | ||||
no | Total Seats: 50 | ||||
abstain |
Total Seats: 0 |
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