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Bill: Income tax proposal of April 4558
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: December 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. There is a budget surplus, so the minister of finance suggest further middle class tax cuts. The minimum income needed to pay tax has been doubled. |
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 |
> 15,000 SOL | 5% | 46,117,000,000 SOL |
> 35,000 SOL | 10% | 42,257,000,000 SOL |
> 50,000 SOL | 15% | 118,199,000,000 SOL | Total | 206,573,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
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Vote | Seats | |||
yes |
Total Seats: 223 | |||
no |
Total Seats: 36 | |||
abstain | Total Seats: 106 |
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