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Bill: Income tax proposal of March 2297
Details
Submitted by[?]: Social Liberal 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: November 2297
Description[?]:
| The Social Liberal Party will make the following adjustments to income-taxes, lowering them across the board. - 3% for lower the income bracket. - 2% for 2nd income bracket. - 1% for 3rd income bracket - 1% for 4th income bracket - 1% for 5th income bracket - 2% for 6th income bracket - 5% for highest income bracket Previous Total - 141,252,625,505 DAR This year's Total - 115,875,000,000 DAR The total tax wedge is dropped quite dramatically, returning 25 billion DARs into the pockets of Lusitanians of all social extractions. Warren Buffett, Minister of Finance. |
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 |
| > 18,000 DAR | 4% | 13,361,000,000 DAR |
| > 25,000 DAR | 6% | 22,028,000,000 DAR |
| > 35,000 DAR | 9% | 22,855,000,000 DAR |
| > 45,000 DAR | 11% | 17,494,000,000 DAR |
| > 55,000 DAR | 15% | 16,809,000,000 DAR |
| > 65,000 DAR | 18% | 19,857,000,000 DAR |
| > 80,000 DAR | 24% | 21,716,000,000 DAR | Total | 134,120,000,000 DAR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes |
Total Seats: 111 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 77 |
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