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Bill: Income tax proposal of October 4586
Details
Submitted by[?]: Hutori 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: June 4587
Description[?]:
| The Royal Conservative Party of Hutori propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Hutori. |
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 |
| > 19,999 HLR | 10% | 66,605,000,000 HLR |
| > 39,999 HLR | 14% | 26,298,000,000 HLR |
| > 49,999 HLR | 23% | 32,156,000,000 HLR |
| > 59,999 HLR | 28% | 46,636,000,000 HLR |
| > 79,999 HLR | 36% | 26,572,000,000 HLR |
| > 99,999 HLR | 43% | 7,996,000,000 HLR | Total | 206,263,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 04:42:59, June 06, 2019 CET | From | Hutori Party | To | Debating the Income tax proposal of October 4586 |
| Message | Mr Speaker, This proposal will see a tax cut of 1% to Hutori's two lowest earning tax brackets. This will keep more money in the pockets of Hutori's lowest earners so that they can start to get ahead instead of just getting by. I hope all parties can support this tax relief for Hutori's lowest income citizens. Hon. Jacob Houston MP for Glentingham East Minister of Finance |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 269 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 146 |
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