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Bill: Income tax proposal of November 5343
Details
Submitted by[?]: Partido Liberal
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: July 5344
Description[?]:
| The Partido Liberal propose to adjust the government's income tax policy to better address the economic situation of the República de Egelion (Egelion). |
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 |
| > 12,000 EGP | 4% | 6,844,000,000 EGP |
| > 20,000 EGP | 10% | 8,371,000,000 EGP |
| > 28,000 EGP | 25% | 6,994,000,000 EGP |
| > 35,000 EGP | 50% | 10,589,000,000 EGP | Total | 32,798,000,000 EGP |
Debate
These messages have been posted to debate on this bill:
| Date | 10:19:08, August 07, 2023 CET | From | Partido Liberal | To | Debating the Income tax proposal of November 5343 |
| Message | We need higher taxes to cover the expenses- currently expenses are at 70bln and income is only 64bln. This tax proposal can mean we cover this gap and have room for higher expenditure |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 409 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 91 |
| Random fact: When forming a cabinet, try to include as few parties as possible, while still obtaining a majority of the seats. |
| Random quote: "A racially integrated community is a chronological term timed from the entrance of the first black family to the exit of the last white family." - Saul Alinsky |