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Bill: Income tax proposal of April 2208
Details
Submitted by[?]: Ducal Delegation
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 2208
Description[?]:
| We propose to use Aldegar's budget surplus to finance a tax-cut for lower and middle-earners, raising the tax threshold from 1700 to 2000, and cutting the middle tax rate from 26% to 25%. Percy Waterman (Personal Secretary to the Grand Duke of Hikirena) |
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 |
| > 2,000 ACR | 15% | 30,387,000,000 ACR |
| > 7,000 ACR | 25% | 16,617,000,000 ACR |
| > 12,000 ACR | 35% | 8,634,000,000 ACR | Total | 55,638,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 189 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 186 |
| Random fact: In cases where players have failed to clearly and accurately reference their nation's RP laws in the "Bills under debate" section, Moderation will rule them invalid if a challenge is made to their validity. |
| Random quote: "I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it." - Thomas Jefferson |