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Bill: Income tax proposal of April 4577
Details
Submitted by[?]: Conservative Democrats
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 4577
Description[?]:
| The Conservative Democrats propose to adjust the government's income tax policy to better address the economic situation of the United Solentian Republic. Lower tax rates = More investment which increases Gross Domestic Product |
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 |
| > 25,000 SOL | 3% | 24,763,000,000 SOL |
| > 50,000 SOL | 6% | 23,356,000,000 SOL |
| > 75,000 SOL | 9% | 35,807,000,000 SOL | Total | 83,926,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 06:59:15, May 18, 2019 CET | From |  Republican Party | To | Debating the Income tax proposal of April 4577 |
| Message | We are concerened about the tax increases with this plan. We propose cutting the current 10% tier away. |
| Date | 16:04:07, May 18, 2019 CET | From | Conservative Democrats | To | Debating the Income tax proposal of April 4577 |
| Message | We will have 4,852,000,000 SOL spare once this proposal goes through the Senate. Our spending will not exceed revenue which therefore is very healthy for our economy. This proposal will increase revenue whilst increasing investment which increases the output of the economy. If our tax rates are at 0% for sales taxes and 1% for corporation tax, do you really think there is any point increasing tax rates when your party are concerned about tax increases? |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 414 | ||||
| no |
Total Seats: 160 | ||||
| abstain |
Total Seats: 171 |
| Random fact: "Kubrk" is a Jelbic word that has the colloquial meaning "old man" or "geezer". |
| Random quote: "I got nothing against no Viet Cong. No Vietnamese ever called me a nigger." - Muhammad Ali, 1967, refusing to fight in Vietnam |