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Bill: Income tax proposal of July 5125
Details
Submitted by[?]: Αnypótakti
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: March 5126
Description[?]:
| The Ariza (Αριζα) propose to adjust the government's income tax policy to better address the economic situation of the Kalopikí Dimokratía (Kalopia). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 17
Current: 12
Proposed: 23
Article 2
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 |
| > 5,000 WAN | 1% | 2,878,000,000 WAN |
| > 10,000 WAN | 8% | 46,047,000,000 WAN |
| > 20,000 WAN | 12% | 155,703,000,000 WAN |
| > 45,000 WAN | 17% | 162,641,000,000 WAN |
| > 75,000 WAN | 26% | 114,500,000,000 WAN |
| > 100,000 WAN | 35% | 68,739,000,000 WAN |
| > 120,000 WAN | 43% | 97,267,000,000 WAN |
| > 175,000 WAN | 50% | 24,806,000,000 WAN | Total | 672,581,000,000 WAN |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 749 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Any RP law granting extraordinary "emergency powers" or dictator-like powers to a government must be passed by at least a 2/3rds majority, but (like all RP laws) may always be overturned by a simple majority vote of the legislature. |
| Random quote: "While the State exists, there can be no freedom. When there is freedom there will be no State." - Vladimir Lenin |