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Bill: Economical reform
Details
Submitted by[?]: Capitalizt Party
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: October 2354
Description[?]:
| This is an all-round redistribution of money. In fact we lower taxes not for one class, but for everyone: we want to eliminate the heaviest, and unfair taxes - 60% for incomes higher than 60.000 HCR and 62% for 62.000 HCR -and lower by a 5% the "middle-class" tax, bringing it from 40% to a more acceptable 35%, and lower by a 4% the last ones for the poorer. |
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 |
| > 10,000 HCR | 15% | 83,117,000,000 HCR |
| > 20,000 HCR | 25% | 183,504,000,000 HCR |
| > 40,000 HCR | 35% | 221,328,000,000 HCR | Total | 487,949,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
| Date | 23:58:09, February 02, 2007 CET | From | First Party Of Hobrazia | To | Debating the Economical reform |
| Message | This will just lead to a large budget deficit. |
| Date | 13:46:53, February 03, 2007 CET | From | Capitalizt Party | To | Debating the Economical reform |
| Message | Wrong. Check our current budget. Of course, this would lead to a deficit in case my other bill won't pass. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 69 | |||
| no | Total Seats: 265 | |||
| abstain | Total Seats: 66 |
| Random fact: There are two countries based on Egypt in the game. Cobura is based on modern Egypt with a retro twist, while Hawu Mumenhes is based on Ancient Egypt with a modernist twist. |
| Random quote: "The test of courage comes when we are in the minority. The test of tolerance comes when we are in the majority." - Ralph W. Sockman |