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Bill: Income tax proposal of January 4599
Details
Submitted by[?]: New Democrats on the block
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: September 4599
Description[?]:
| The New Democrats on the block propose to adjust the government's income tax policy to better address the economic situation of the Democratic Solentian Republic (Solentia). |
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 |
| > 10,500 SOL | 2% | 15,432,000,000 SOL |
| > 25,000 SOL | 5% | 31,224,000,000 SOL |
| > 42,000 SOL | 7% | 21,298,000,000 SOL |
| > 55,000 SOL | 9% | 17,840,000,000 SOL |
| > 68,000 SOL | 11% | 16,138,000,000 SOL |
| > 80,000 SOL | 12% | 14,820,000,000 SOL |
| > 92,000 SOL | 14% | 13,514,000,000 SOL |
| > 105,000 SOL | 15% | 15,492,000,000 SOL |
| > 133,000 SOL | 17% | 2,718,000,000 SOL | Total | 148,476,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 18:03:40, June 30, 2019 CET | From |  New Democrats on the block | To | Debating the Income tax proposal of January 4599 |
| Message | Let's try this again. Doubled the no tax minimum from 5000 to 10500. Higher incomes are now also fully covered in health and prescriptions. All drugs will soon be legal, future health and addiction spending expected. Loss of revenues from former regulation of recreational drugs. This structure maintains near exact tax revenue as previous taxation. Our current annual surplus should be sufficient to offset these future expectations. |
| Date | 18:42:36, June 30, 2019 CET | From | New Democrats on the block | To | Debating the Income tax proposal of January 4599 |
| Message | Let's get this done before the election ! |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 297 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 116 |
| Random fact: Don't put "the" as the first word in your party name, because when parties are referred to in news reports, their names are preceded with "the", e.g. the [Socialist Party] has lost. |
| Random quote: "Sometimes it is said that man cannot be trusted with the government of himself. Can he, then, be trusted with the government of others?" - Thomas Jefferson |