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Bill: Income tax proposal of February 5294
Details
Submitted by[?]: Liberale Föderalistische Partei Dundorf
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: October 5294
Description[?]:
| An act to enforce the budget and taxation negotiations from the 5294 government agenda. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 17
Current: 18
Proposed: 12
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 |
| > 4,000 DUM | 20% | 69,867,000,000 DUM |
| > 10,000 DUM | 25% | 145,557,000,000 DUM |
| > 20,000 DUM | 28% | 76,796,000,000 DUM |
| > 25,000 DUM | 30% | 72,185,000,000 DUM |
| > 30,000 DUM | 32% | 64,820,000,000 DUM |
| > 35,000 DUM | 34% | 55,570,000,000 DUM |
| > 40,000 DUM | 36% | 49,669,000,000 DUM |
| > 45,000 DUM | 38% | 43,045,000,000 DUM |
| > 50,000 DUM | 40% | 69,883,000,000 DUM |
| > 60,000 DUM | 42% | 55,294,000,000 DUM |
| > 70,000 DUM | 44% | 42,486,000,000 DUM |
| > 80,000 DUM | 46% | 56,276,000,000 DUM |
| > 100,000 DUM | 48% | 40,266,000,000 DUM | Total | 841,714,000,000 DUM |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 380 | ||||
| no | Total Seats: 218 | ||||
| abstain |
Total Seats: 0 |
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