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Bill: Income tax proposal of May 5051
Details
Submitted by[?]: Partido Lariano Nacional
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: January 5052
Description[?]:
| The Partido Lariano Nacional propose to adjust the government's income tax policy to better address the economic situation of the Reino de Egelion (Egelion). |
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 |
| > 100 EGP | 4% | 910,000,000 EGP |
| > 500 EGP | 9% | 2,559,000,000 EGP |
| > 1,000 EGP | 14% | 7,960,000,000 EGP |
| > 2,000 EGP | 21% | 5,970,000,000 EGP |
| > 2,500 EGP | 26% | 36,957,000,000 EGP |
| > 5,000 EGP | 31% | 42,510,000,000 EGP |
| > 7,500 EGP | 35% | 40,644,000,000 EGP |
| > 10,000 EGP | 40% | 34,699,000,000 EGP |
| > 12,500 EGP | 45% | 29,741,000,000 EGP |
| > 15,000 EGP | 49% | 108,851,000,000 EGP | Total | 310,801,000,000 EGP |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 101 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 24 |
| Random fact: Cabinet ministers who disagree seriously with the head of government would usually be expected to resign. Parties within the cabinet may attempt to manoeuvre to replace the head of government though, for example by proposing a new cabinet bill or voting for an early election. |
| Random quote: "Democracy is the theory that the common people know what they want and deserve to get it good and hard." - H. L. Mencken |