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Bill: Income tax proposal of August 4555
Details
Submitted by[?]: Peoples 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: April 4556
Description[?]:
| The Minister of Finance announces on behalf of his excellency President Oscar Muscat, the new taxation rates throughout hobrazia, in accordance with the new vision this government has for the future of our nation. The new rates form the reformed National Income Tax System: - Workers Base Rate: 25% (for earners of 5000 HCR and above) - Workers Advanced Rate: 30% (for earners of 35000 HCR and above) - Higher Earners Rate: 45% (for earners of 45000 HCR and above) - Elite Rate: 50000 (for earners of 85000 HCR and above) |
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 HCR | 25% | 358,339,000,000 HCR |
| > 35,000 HCR | 30% | 74,991,000,000 HCR |
| > 45,000 HCR | 45% | 191,233,000,000 HCR |
| > 85,000 HCR | 50% | 47,648,000,000 HCR | Total | 672,211,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 350 | |
| no | Total Seats: 0 | |
| abstain |
Total Seats: 0 |
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