Significant Tax Reforms of 2024

Proposed by National Thornreach Movement · Passed 19 Mar 2024

✅ Passed

Rationale

This aims to significantly reduce the taxes of all our citizens below the world average to allow greater spending of the economy. This is achieved by getting rid of all the redundancy in the healthcare system, thus allowing us to significantly reduce its budget while maintaining the same quality and standards.

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 25% 19%
Personal income tax: Medium earners 35% 24%
Personal income tax: High earners 45% 34%
Personal income tax: Elite earners 30%

Annual Spending

Category $ per capita Amount
Social Welfare $862 $55.0bn
Retirement $157 $10.0bn
Healthcare $7,100 $2,367 $453.0bn $151.0bn
Education $1,489 $95.0bn
Housing $188 $12.0bn
Justice, Police & Internal Security $650 $41.5bn
Defence $1,364 $87.0bn
Environment & Climate $0 $0.0bn
Business Support $1,019 $65.0bn
Arts, Culture & Media $235 $15.0bn
Foreign Aid $0 $0.0bn
Roads & Highways $504 $32.1bn
Public Transport & Rail $403 $25.7bn
Energy Infrastructure $302 $19.3bn
Ports & Airports $202 $12.9bn
Total $923.5bn $621.5bn

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

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