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Bill: Income tax proposal of July 4585
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: March 4586
Description[?]:
The Conservative Democrats propose to adjust the government's income tax policy to better address the economic situation of the First Solentian Republic. |
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 |
> 17,500 SOL | 3% | 23,373,000,000 SOL |
> 35,000 SOL | 5% | 23,695,000,000 SOL |
> 52,500 SOL | 7% | 19,198,000,000 SOL |
> 70,000 SOL | 9% | 41,353,000,000 SOL | Total | 107,619,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
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Vote | Seats | |||
yes |
Total Seats: 422 | |||
no | Total Seats: 323 | |||
abstain | Total Seats: 0 |
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