The New Tax Bracket

Proposed by Liberal Monarchy · Passed 7 Nov 2024

✅ Passed

Rationale

For helping broke ppl and start making a lot of money

Figures show the previous budget where they changed the new value.

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	25% 15%
Personal income tax: Medium earners	25% 24%
Personal income tax: High earners	25% 32%
Personal income tax: Elite earners	25% 37%

Annual Spending

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$1,032	$1,046	8.0%	$3.2bn
Retirement	$3,645	$1,951	28.1%	$11.3bn
Healthcare	$2,613	$2,397	20.1%	$8.1bn
Education	$1,548	$1,652	11.9%	$4.8bn
Housing	$516	$606	4.0%	$1.6bn
Justice, Police & Internal Security	$645	$682	5.0%	$2.0bn
Defence	$903	$827	7.0%	$2.8bn
Environment & Climate	$258	$235	2.0%	$0.8bn
Business Support	$387	$593	3.0%	$1.2bn
Arts, Culture & Media	$258	$255	2.0%	$0.8bn
Foreign Aid	$258	$69	2.0%	$0.8bn
Roads & Highways	$323	$385	2.5%	$1.0bn
Public Transport & Rail	$258	$309	2.0%	$0.8bn
Energy Infrastructure	$194	$234	1.5%	$0.6bn
Ports & Airports	$129	$157	1.0%	$0.4bn
Total			100.0%	$40.2bn

Vote tally

Parliament

Passed

78Yes 0No 22Not voted 100 seats

For: 78 / 100 filled seats (78.0%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 22

Party	Seats	Vote	Reason
Centre Progressive	32	Yes	The budget proposal provides vital financial relief and targeted structural reform for low-income families, offering an essential framework to build long-term economic stability and opportunity
Constitutional Monarchy	22	Yes	requested by much of the lower classes. Would help us match other world economies
Democratic-Republican	102	Not voted
Liberal Monarchy Proposer	24	Yes	No reason given
The New Order	11	Not voted

Voting record

Every vote must state a public reason. Most recent first.

Centre Progressive

Voted Nov. 7, 2024

Yes

“The budget proposal provides vital financial relief and targeted structural reform for low-income families, offering an essential framework to build long-term economic stability and opportunity”

Constitutional Monarchy

Voted Nov. 6, 2024

Yes

“requested by much of the lower classes. Would help us match other world economies”

Current budget Budget history