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Bill: Income tax proposal of June 4616
Details
Submitted by[?]: New Democrats on the block
Status[?]: passed
Votes: This bill asks for an amendement to the Constitution. It will require two-thirds of the legislature to vote in favor. This bill will not pass any sooner than the deadline.
Voting deadline: February 4617
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
Proposal[?] to change The professional retirement age.
Old value:: 65
Current: 65
Proposed: 63
Article 2
Proposal[?] to change The official title of the legislative assembly.
Old value:: Senate
Current: House
Proposed:
| Parliament |
Article 3
Proposal[?] to change The official title of subnational entities, also known as regions.
Old value:: State
Current: States
Proposed: Province
Article 4
Proposal[?] to change Policy of the government concerning the funding of abortions
Old value:: The government provides funding for abortions.
Current: The government does not provide funding for abortions.
Proposed: The government only funds abortions for medical emergencies.
Article 5
Proposal[?] to change The right to euthanasia.
Old value:: Euthanasia is illegal and considered murder.
Current: Euthanasia is only allowed with consent from the patient and a court order.
Proposed: Euthanasia is illegal but not considered murder.
Article 6
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 0
Proposed: 8
Article 7
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 0
Proposed: 4
Article 8
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 | 1% | 7,720,000,000 SOL |
| > 25,000 SOL | 4% | 24,993,000,000 SOL |
| > 42,000 SOL | 6% | 18,266,000,000 SOL |
| > 55,000 SOL | 8% | 15,867,000,000 SOL |
| > 68,000 SOL | 10% | 14,678,000,000 SOL |
| > 80,000 SOL | 11% | 13,592,000,000 SOL |
| > 92,000 SOL | 12% | 11,590,000,000 SOL |
| > 105,000 SOL | 14% | 14,468,000,000 SOL |
| > 133,000 SOL | 16% | 2,560,000,000 SOL | Total | 123,734,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 388 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
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