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Bill: Income tax proposal of June 5058
Details
Submitted by[?]: Aontacht Náisiúnta
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: April 5059
Description[?]:
The Government proposes to raise the personal exemption, thus removing income tax altogether for the lowest incomes, while also raising the threshold for the higher rate to make it more of a true top rate, rather than the middle-class tax it is at present. Liam Cullen Minister for 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 |
> 125,000 KDI | 20% | 1,895,332,000,000 KDI |
> 450,000 KDI | 40% | 839,136,000,000 KDI | Total | 2,734,468,000,000 KDI |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes |
Total Seats: 160 | |
no | Total Seats: 0 | |
abstain | Total Seats: 0 |
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