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Bill: Income Tax Reform
Details
Submitted by[?]: Conservative-Libertarian Party (UM)
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: March 2398
Description[?]:
| The Right is Right propose to adjust the government's income tax policy to better address the economic situation of the The Most Royal and Serene Kingdom of Hutori. |
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 |
| > 20,000 HLR | 8% | 43,889,000,000 HLR |
| > 35,000 HLR | 12% | 84,894,000,000 HLR | Total | 128,783,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 13:36:26, May 01, 2007 CET | From |  Conservative-Libertarian Party (UM) | To | Debating the Income Tax Reform |
| Message | Ronald Clarke, Finance Minister: "The old tax system, put in place by the Le Chaim Party, is still in place, and is, quite frankly a disaster. Until we reformed the spending plans, we were in drastic deficit, borrowing much in order to maintain the drastically high public spending that had been authorised by our predecessors in this office. We reformed the public spending budget, but the House refused to pass our taxation plan, meaning that the reverse happened and that there was a large surplus. Other parties then took it upon themselves to impose taxation upon both luxury and essential goods. They also insisted upon making a dramatic increase to Corporation Tax. The surplus is therefore far too much. Not only is this bad economics, but it is immoral. However, here we have not made cuts to the revenue raised through income tax. We trust that, once this has passed, whoever takes over from us in this office will look at reforming the spending plan, and the other taxes that have been imposed. Clearly, there is now no longer any need for the high levels of spending on Defence and other areas. What we have done here, is simplified the tax system. Le Chaim instrumented a very complex tax regime, and it is essential to simplify the tax system with no more than two tax bands. Here, we are helping to lift more people out of poverty by exempting the very poorest in our society from paying tax. It is essential, for the good of this nation, to pass this income tax proposal. We need to get out of this tax-and-spend aura that has long haunted Hutori." |
| Date | 14:01:58, May 01, 2007 CET | From | Christian Democratic Alternative | To | Debating the Income Tax Reform |
| Message | Where I live the tax system is much more extortionate than this one. |
| Date | 14:25:43, May 01, 2007 CET | From | Conservative-Libertarian Party (UM) | To | Debating the Income Tax Reform |
| Message | It doesn't mean that it is right. Tax systems should be as simple as possible. You are voting against it because it is simple? |
| Date | 17:30:12, May 01, 2007 CET | From | Conservative-Libertarian Party (UM) | To | Debating the Income Tax Reform |
| Message | We really cannot understand why people are voting this down. 1. It brings in practically the same amount of revenue - in fact it brings in a little bit more. 2. It is a much simpler tax system and more able then to work. 3. It allows even more poorer people to be exempt from paying tax. What is wrong with that? |
| Date | 18:08:06, May 01, 2007 CET | From | Centrist Party | To | Debating the Income Tax Reform |
| Message | The accounting community will be angry. lol. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 90 | ||||
| no |
Total Seats: 160 | ||||
| abstain | Total Seats: 0 |
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