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Bill: Income tax proposal of May 4629
Details
Submitted by[?]: New Democratic Alliance
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 4630
Description[?]:
| The New Democratic Alliance 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 |
| > 25,000 SOL | 9% | 74,294,000,000 SOL |
| > 50,000 SOL | 12% | 36,137,000,000 SOL |
| > 68,000 SOL | 18% | 26,413,000,000 SOL |
| > 80,000 SOL | 20% | 24,708,000,000 SOL |
| > 92,000 SOL | 22% | 44,940,000,000 SOL |
| > 135,000 SOL | 26% | 2,982,000,000 SOL | Total | 209,474,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 08:48:16, September 04, 2019 CET | From |  New Democratic Alliance | To | Debating the Income tax proposal of May 4629 |
| Message | We have undergone a policy of simplification of the Solentian tax codes and broadening the base at which people start being taxed on their income, bringing more people out of poverty while lowering that rate at the same time. The rich are going to start paying their fair share of taxes under our new tax plan. |
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Voting
| Vote | Seats | |
| yes |
Total Seats: 745 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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