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Bill: Income tax proposal of June 5250
Details
Submitted by[?]: Course of Freedom (Kellins faction)
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: February 5251
Description[?]:
| This progressive income tax rate will generate around 24 billions more and fund the decrease in sales tax rates. |
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 |
| > 5,000 LPD | 30% | 29,047,000,000 LPD |
| > 7,500 LPD | 40% | 23,574,000,000 LPD |
| > 10,000 LPD | 50% | 46,290,000,000 LPD | Total | 98,911,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 14:38:13, February 01, 2023 CET | From | Luthorian People's Rally | To | Debating the Income tax proposal of June 5250 |
| Message | Mr. Speaker, Yes it will generate around 24 billion more of people's money. And everyone who makes over 10K LPD are considered rich by the Labour Party? Half their income gone to this government. |
| Date | 14:43:56, February 01, 2023 CET | From | Luthorian Labour - Progressive Wing 🛑 | To | Debating the Income tax proposal of June 5250 |
| Message | Mr. Speaker, What about the VAT hikes your cabinet funded? Surely those did more damage, especially to those already feeling the pinch? Cassie Pierce, MP |
| Date | 02:21:07, February 02, 2023 CET | From | Conservative Party (Whigs) | To | Debating the Income tax proposal of June 5250 |
| Message | Mr. Speaker, Those tax hikes were coupled with tax reduction on income for the lowest incomes. Under our taxplan no one below 5k payed taxes. And our austerity measures were not needed if the Left didnt destroy this countries finances. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 334 | ||||
| no | Total Seats: 182 | ||||
| abstain | Total Seats: 134 |
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| Random quote: "For among other evils caused by being disarmed, it renders you contemptible; which is one of those disgraceful things which a prince must guard against." - Niccolo Machiavelli |