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Bill: Income tax proposal of October 4766
Details
Submitted by[?]: Groen Liberale Progressiewe Party (GLPP)
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: July 4767
Description[?]:
| The Groen Liberale Progressiewe Party (GLPP) propose to adjust the government's income tax policy to better address the economic situation of the Republiek van Seridjan (Saridan). There is currently a budget surplus of approximately SAD41bn, which will be used to fund a tax cut for lower earners. The SAD20,000 band will be cut from 11% to 5%, the SAD30,000 band from 21% to 13%, the SAD40,000 band from 31% to 24%, and the SAD50,000 band from 50% to 45%. |
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 |
| > 20,000 SAD | 5% | 14,689,000,000 SAD |
| > 30,000 SAD | 13% | 21,146,000,000 SAD |
| > 40,000 SAD | 24% | 26,710,000,000 SAD |
| > 50,000 SAD | 45% | 24,020,000,000 SAD |
| > 60,000 SAD | 70% | 17,606,000,000 SAD |
| > 70,000 SAD | 85% | 12,973,000,000 SAD | Total | 117,144,000,000 SAD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 673 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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