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Bill: Income tax proposal of January 5486
Details
Submitted by[?]: Infinite Party
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: September 5486
Description[?]:
| The Infinite Party propose to adjust the government's income tax policy to better address the economic situation of the Hobratsuri Respublika (Hobrazia). |
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 |
| > 30,000 HCR | 5% | 32,194,000,000 HCR |
| > 60,000 HCR | 20% | 50,062,000,000 HCR |
| > 100,000 HCR | 30% | 12,294,000,000 HCR | Total | 94,550,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
| Date | 17:30:24, May 19, 2024 CET | From |   Infinite Party | To | Debating the Income tax proposal of January 5486 |
| Message | This taxation bill creates a fairer, progressive tax system where those who are more well off pay their fair share, it means that those who earn less than 30,000 HCR pay no tax at all on their earnings rather than 4460 HCR previously, this offers them a massive tax cut showing that the infinite party is a tax cutting party |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 76 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
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