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Bill: Income tax proposal of November 4930
Details
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 4931
Description[?]:
| The new national currency shall be the Rowiet Bu (RUB); and the tax plan listed above shall be counted in the thousands (ex: 35,000 listed above translates to 35,000,000 RUB). The lowest denominator shall be the 1000 Bu note/coin. |
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 |
| > 35,000 DRA | 5% | 18,990,000,000 DRA |
| > 45,000 DRA | 10% | 28,481,000,000 DRA |
| > 55,000 DRA | 20% | 86,616,000,000 DRA |
| > 80,000 DRA | 35% | 65,642,000,000 DRA |
| > 100,000 DRA | 50% | 139,094,000,000 DRA |
| > 200,000 DRA | 60% | 0 DRA |
| > 500,000 DRA | 75% | 0 DRA | Total | 338,823,000,000 DRA |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 260 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: References to prominent real-life persons are not allowed. This includes references to philosophies featuring the name of a real-life person (eg. "Marxism", "Thatcherism", "Keynesianism"). |
| Random quote: “Tell these old, grey men that their time is over. Tell them to give us back our future, and then get lost!” - Benji Benandez, former Dranian politician |