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Bill: Income tax proposal of January 2288
Details
Submitted by[?]: We Say So! 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 2288
Description[?]:
| The We Say So! Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of 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 |
| > 10,000 HCR | 18% | 99,777,000,000 HCR |
| > 20,000 HCR | 30% | 220,277,000,000 HCR |
| > 40,000 HCR | 40% | 136,825,000,000 HCR |
| > 60,000 HCR | 60% | 174,456,000,000 HCR | Total | 631,335,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
| Date | 13:58:23, September 23, 2006 CET | From | We Say So! Party | To | Debating the Income tax proposal of January 2288 |
| Message | Due to the ever improving economy we propose to lower the basic rate of tax from 19 to 18% returning up almost 5bn HCR's to our citizens, and reducing taxation levels for everyone, with the lowest earners gaining a proportionately higher return. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 201 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 199 |
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