We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: CD 07/4921-2: Income Tax
Details
Submitted by[?]: Conjunción Democrática
Status[?]: defeated
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: March 4922
Description[?]:
| We propose a new income tax that would allows us to earn 500 million EGP extra without ruining the average people's economy. This new proposal is less taxing on the richest population to prevent them from fleeing the country and establishing their businesses elsewhere. Pedro Tomás Lobato, Minister of Economy |
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 |
| > 1,000 EGP | 1% | 569,000,000 EGP |
| > 2,000 EGP | 6% | 6,825,000,000 EGP |
| > 4,000 EGP | 11% | 24,101,000,000 EGP |
| > 8,000 EGP | 16% | 42,428,000,000 EGP |
| > 16,000 EGP | 21% | 24,918,000,000 EGP |
| > 24,000 EGP | 22% | 11,218,000,000 EGP |
| > 32,000 EGP | 23% | 4,802,000,000 EGP |
| > 40,000 EGP | 24% | 2,228,000,000 EGP |
| > 48,000 EGP | 25% | 310,000,000 EGP | Total | 117,399,000,000 EGP |
Debate
These messages have been posted to debate on this bill:
| Date | 12:29:28, April 14, 2021 CET | From | Conjunción Democrática | To | Debating the CD 07/4921-2: Income Tax |
| Message | OOC: The numbers look different now to what I saw earlier. It's actually over 3000 million EGP in profit. Let's just pretend that the Minister of Finances is terrible at maths :] |
| Date | 16:10:41, April 14, 2021 CET | From |  Partido Lariano Nacional | To | Debating the CD 07/4921-2: Income Tax |
| Message | Because you're forgotten the sale taxes. This is just the income ones. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||
| yes |
Total Seats: 173 | ||
| no | Total Seats: 327 | ||
| abstain | Total Seats: 0 |
| Random fact: Voters have an extra appreciation for bills that actually get passed, so if you want to maximally take profit from your votes, make sure you compromise with others. |
| Random quote: "History is made by angry minorities, not by passive majorities." - Fareed Zakaria |