Second Round of the Significant Tax Reforms of 2024

Proposed by National Thornreach Movement · Passed 17 Jul 2024

✅ Passed

Rationale

Thisi budget aims to reduce the personal income tax of all drastically while also making minor changes in the budget to sustain these changes. Overall, this will allow greater spending of the Thornreach people.

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 19% 10%
Personal income tax: Medium earners 24% 19%
Personal income tax: High earners 34%
Personal income tax: Elite earners 30%

Annual Spending

Category $ per capita Amount
Social Welfare $862 $784 $55.0bn $50.0bn
Retirement $157 $10.0bn
Healthcare $2,367 $151.0bn
Education $1,489 $95.0bn
Housing $188 $16 $12.0bn $1.0bn
Justice, Police & Internal Security $650 $705 $41.5bn $45.0bn
Defence $1,364 $87.0bn
Environment & Climate $0 $0.0bn
Business Support $1,019 $705 $65.0bn $45.0bn
Arts, Culture & Media $235 $78 $15.0bn $5.0bn
Foreign Aid $0 $0.0bn
Roads & Highways $504 $509 $32.1bn $32.5bn
Public Transport & Rail $403 $408 $25.7bn $26.0bn
Energy Infrastructure $302 $306 $19.3bn $19.5bn
Ports & Airports $202 $204 $12.9bn $13.0bn
Total $621.5bn $580.0bn

Vote tally

National Assembly

Passed
100Yes 0No 0Not voted 100 seats

For: 100 / 100 filled seats (100.0%) — needs 50.0%

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

Party Seats Vote
Iron Crown 2 Not voted
National Thornreach Movement Proposer 100 Yes
Parti Communiste Francophone De Thornreach 0 Not voted
Parti Socialiste 13 Not voted
Thornreach National Devlopment Alliance 0 Not voted

Voting record

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

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