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Bill: Welfare - Pension Act
Details
Submitted by[?]: Progressive 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 not pass any sooner than the deadline.
Voting deadline: September 4556
Description[?]:
| As a developed country, we have a duty to our citizens to provide them with a liveable life after their work career. People pay taxes during their career. They pay our wages! A viable pension is therefore the least that we can give back. We, the progressives, therefore propose a double pension system. As a developed country, we have an obligation to our citizens to provide them with a liveable life after their work career. People pay taxes during their career. They pay our wages! A viable pension is therefore the least that we can give back. We, the progressives, therefore propose a double pension system. A compulsory part that is included in the employee's gross wage. And a voluntary part, or as we call it a 2nd pension pillar, where the employee pays a certain amount of his net wage to recuperate this the moment of his retirement. For this 2nd pillar we count on private companies that are again very strictly regulated so we can assure our people's pension. |
Proposals
Article 1
Proposal[?] to change The government's policy concerning the pension system.
Old value:: The state does not operate a pension system. Individuals must save up for retirement on their own.
Current: The state operates a compulsory public system combined with an optional private pension.
Proposed: The state operates a compulsory public system combined with an optional private pension.
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 |
| > 500 SOL | 10% | 2,819,000,000 SOL |
| > 1,000 SOL | 15% | 54,972,000,000 SOL |
| > 7,500 SOL | 20% | 84,573,000,000 SOL |
| > 15,000 SOL | 25% | 100,836,000,000 SOL |
| > 22,500 SOL | 30% | 154,918,000,000 SOL |
| > 35,000 SOL | 35% | 82,207,000,000 SOL |
| > 42,500 SOL | 40% | 115,812,000,000 SOL |
| > 55,000 SOL | 45% | 39,717,000,000 SOL |
| > 60,000 SOL | 50% | 98,867,000,000 SOL |
| > 75,000 SOL | 55% | 100,053,000,000 SOL |
| > 92,000 SOL | 60% | 129,261,000,000 SOL | Total | 964,035,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 200 | ||||
| no |
Total Seats: 165 | ||||
| abstain |
Total Seats: 0 |
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