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Bill: Income tax proposal of May 2288
Details
Submitted by[?]: Communist Party of Saridan
Status[?]: defeated
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: January 2289
Description[?]:
| The Communist Party of Saridan propose to adjust the government's income tax policy to better address the economic situation of the Union of Saridani Socialist Republics. |
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 |
| > 8,000 SAD | 8% | 8,993,000,000 SAD |
| > 10,000 SAD | 12% | 61,098,000,000 SAD |
| > 20,000 SAD | 14% | 41,098,000,000 SAD |
| > 30,000 SAD | 16% | 26,009,000,000 SAD |
| > 40,000 SAD | 20% | 22,244,000,000 SAD |
| > 50,000 SAD | 32% | 25,120,000,000 SAD |
| > 70,000 SAD | 60% | 6,816,000,000 SAD |
| > 80,000 SAD | 75% | 2,939,000,000 SAD | Total | 194,317,000,000 SAD |
Debate
These messages have been posted to debate on this bill:
| Date | 22:31:39, September 24, 2006 CET | From |  Neo-Rational Populist Party | To | Debating the Income tax proposal of May 2288 |
| Message | The amounts for >70k and >80k are ridiculous. You are completely limiting the potential for positive growth yet without providing that much of a benefit for the lower income rackets. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 242 | ||
| no | Total Seats: 234 | ||
| abstain |
Total Seats: 274 |
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