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Bill: Income tax proposal of February 4681
Details
Submitted by[?]: Blocco della Sinistra
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: October 4681
Description[?]:
| The Blocco della Sinistra propose to adjust the government's income tax policy to better address the economic situation of the Impero Istaliano (Istalia). With this bill, we reduce the pressure on the lower class while creating ridistributive wealth by the contribution of the richest part of the society Alessandra Fierro Minister of Finance |
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 |
| > 1 LIS | 1% | 57,000,000 LIS |
| > 100 LIS | 2% | 458,000,000 LIS |
| > 500 LIS | 3% | 859,000,000 LIS |
| > 1,000 LIS | 6% | 5,151,000,000 LIS |
| > 2,500 LIS | 10% | 14,191,000,000 LIS |
| > 5,000 LIS | 24% | 11,825,000,000 LIS |
| > 6,000 LIS | 25% | 15,785,000,000 LIS |
| > 7,500 LIS | 26% | 19,515,000,000 LIS |
| > 10,000 LIS | 35% | 13,481,000,000 LIS |
| > 12,000 LIS | 38% | 7,438,000,000 LIS |
| > 13,500 LIS | 41% | 9,228,000,000 LIS |
| > 15,500 LIS | 44% | 11,928,000,000 LIS |
| > 19,000 LIS | 47% | 17,287,000,000 LIS | Total | 127,203,000,000 LIS |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 410 | ||
| no | Total Seats: 214 | ||
| abstain |
Total Seats: 57 |
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