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Bill: DNP: Tax Rates for 4563
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: March 4564
Description[?]:
We believe that many citizens are unjustly paying taxes as low earners. People earning as little as 5000 HCR are paying 25% and so we have taken the bold move to take these individuals out of taxation altogether. Furthermore, the lower rate has in fact been reduced by 5% to just 20. Workers Rate: 20% Workers Advanced Rate: 30% High Earners Rate: 45% Elite Workers Rate: 50% |
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 |
> 10,000 HCR | 20% | 230,620,000,000 HCR |
> 35,000 HCR | 30% | 75,133,000,000 HCR |
> 45,000 HCR | 45% | 191,630,000,000 HCR |
> 85,000 HCR | 50% | 47,763,000,000 HCR | Total | 545,146,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
Date | 19:57:31, April 20, 2019 CET | From | Republic! | To | Debating the DNP: Tax Rates for 4563 |
Message | Given the lowest salaries in our country fall roughly at 17000 (OOC: taken from the economics part of the regions pages), we do not believe this goes far enough. Instead Republic! guarantee that we will increase the tax free income rate to under 25000. |
Date | 20:12:27, April 20, 2019 CET | From | Peoples Party | To | Debating the DNP: Tax Rates for 4563 |
Message | Mr speaker, There will be one earning more than 17000 and some earning less. salaries fluctuate and so these tax rates are representative of the dynamic nature of economics. |
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Voting
Vote | Seats | ||
yes |
Total Seats: 100 | ||
no | Total Seats: 0 | ||
abstain |
Total Seats: 0 |
Random fact: Alduria, Rildanor and Lourenne all have Canrilaise (French) cultures. |
Random quote: "It's not enough that we do our best; sometimes we have to do what's required." - Winston Churchill |