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Bill: Income tax proposal of August 4592
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: April 4593
Description[?]:
The Conservative Democrats propose to adjust the government's income tax policy to better address the economic situation of the Democratic Solentian Republic (Solentia). With the increase in taxes for all people- poor, middle class and rich, we will ensure the increase in revenue is used on improving vital public services. We hope all parties can agree with this. |
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 |
> 5,000 SOL | 2% | 16,873,000,000 SOL |
> 20,000 SOL | 4% | 25,713,000,000 SOL |
> 35,000 SOL | 6% | 25,328,000,000 SOL |
> 50,000 SOL | 8% | 20,982,000,000 SOL |
> 65,000 SOL | 10% | 18,570,000,000 SOL |
> 80,000 SOL | 12% | 40,717,000,000 SOL | Total | 148,183,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes |
Total Seats: 499 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 246 |
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