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Bill: Income tax proposal of February 5231
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: October 5231
Description[?]:
| FDK increases the tax-free limit to 15.000 WAN again and reduces taxes for all the society. This is what fair taxation is about! More cuts will follow in the future, depending on the surplus of the national budget. -Elena Maniati, Minister of 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 |
| > 15,000 WAN | 5% | 20,118,000,000 WAN |
| > 22,000 WAN | 12% | 115,035,000,000 WAN |
| > 40,000 WAN | 15% | 138,284,000,000 WAN |
| > 65,000 WAN | 25% | 173,873,000,000 WAN |
| > 100,000 WAN | 30% | 58,839,000,000 WAN |
| > 120,000 WAN | 35% | 79,055,000,000 WAN |
| > 175,000 WAN | 40% | 19,818,000,000 WAN | Total | 605,022,000,000 WAN |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 224 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 127 |
| Random fact: When elections in a country are held, all bills in the voting phase are reset to the debate phase. |
| Random quote: "He who is unable to live in society, or who has no need because he is sufficient for himself, must be either a beast or a god." - Aristotle |