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Bill: Income tax proposal of November 4557
Details
Submitted by[?]: Republican 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: July 4558
Description[?]:
| The Republican Party propose to adjust the government's income tax policy to better address the economic situation of the United Solentian Republic. Tax cuts to grow the economy and provide relief for working families. More income is no longer taxed. Brackets are simplified. Tax cuts for every group. |
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 |
| > 7,500 SOL | 5% | 21,105,000,000 SOL |
| > 15,000 SOL | 10% | 91,806,000,000 SOL |
| > 35,000 SOL | 20% | 60,276,000,000 SOL |
| > 45,000 SOL | 25% | 189,014,000,000 SOL |
| > 100,000 SOL | 35% | 51,575,000,000 SOL | Total | 413,776,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 08:53:47, April 09, 2019 CET | From | Republican Party | To | Debating the Income tax proposal of November 4557 |
| Message | As finance minister, I recommend that taxes be cut to grow the economy. Budget cuts have already been suggested to deal with lower revenue. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 185 | ||
| no | Total Seats: 71 | ||
| abstain |
Total Seats: 109 |
| Random fact: If there are no parties in your nation with seats, feel free to visit the forum and request an early election on the Early Election Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4362 |
| Random quote: "The only stable state is the one in which all men are equal before the law." - Aristotle |