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Bill: Regressive Tax Act of 2403
Details
Submitted by[?]: Fascist Party of Rutania
Status[?]: passed
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: September 2405
Description[?]:
| Upon the passage of this Act, the Commonwealth of Rutania hereby expresses its support for the regressive tax, in the hope that lower taxes on the wealthy will allow the to make the necessary investments to spur national growth. |
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 |
| > 1,000 RUT | 30% | 56,156,000,000 RUT |
| > 5,000 RUT | 20% | 13,326,000,000 RUT |
| > 10,000 RUT | 10% | 1,753,000,000 RUT | Total | 71,235,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 21:38:30, May 13, 2007 CET | From |   RSDP - Democratic Front | To | Debating the Regressive Tax Act of 2403 |
| Message | "It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion." - Adam Smith |
| Date | 21:41:49, May 13, 2007 CET | From | Latter-Day Saints Party | To | Debating the Regressive Tax Act of 2403 |
| Message | The Commonwealth Conservative Party supports this bill and hopes it will succeed. |
| Date | 01:20:12, May 14, 2007 CET | From | Rutanian Green Party | To | Debating the Regressive Tax Act of 2403 |
| Message | We can't support a regressive tax. |
| Date | 18:40:03, May 14, 2007 CET | From | The Dipset Movement | To | Debating the Regressive Tax Act of 2403 |
| Message | "The Dipset Movement will back this bill. It rewards those who work hard by taxing them less. We aim to get money to spend it ourselves, not to hand it over to the govt. in the form of taxes." -- Juelz Santana, Dipset Leader |
| Date | 18:28:53, May 15, 2007 CET | From | RSDP - Democratic Front | To | Debating the Regressive Tax Act of 2403 |
| Message | This rewards those who get a bonus for destroying employment whilst punishing those who have to work hard to earn a decent wage. Even the founder of modern Capitalism, Adam Smith, agreed that a progressive taxation system was preferable, why don't you? |
| Date | 19:31:57, May 16, 2007 CET | From | Fascist Party of Rutania | To | Debating the Regressive Tax Act of 2403 |
| Message | "Because we have the benefit of six hundred years of moral and intellectual development to tell us that Adam Smith's ideas need a little tweaking." -Francis A. G. Pennyworth CRP, Finance Policy Committee |
| Date | 21:28:10, May 16, 2007 CET | From | RSDP - Democratic Front | To | Debating the Regressive Tax Act of 2403 |
| Message | That's a laughable argument, in fact that is not even an argument! WHY was the founder of modern Capitalism wrong on this single issue while you seem to think he was right about everything else? |
| Date | 01:04:32, May 17, 2007 CET | From | Fascist Party of Rutania | To | Debating the Regressive Tax Act of 2403 |
| Message | "Incorrect. He was also wrong when he predicted the inevitable failure of joint stock companies." -Pennyworth |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 380 | ||||
| no |
Total Seats: 370 | ||||
| abstain | Total Seats: 0 |
| Random fact: It is possible for a player to transfer ownership of a character or a royal house to another player. This should be done in a public way, such as on the Character Transfers thread, so that if a dispute arises in the future, Moderation can be pointed towards evidence of the transfer. |
| Random quote: "What is conservatism? Is it not the adherence to the old and tried against the new and untried?" - Abraham Lincoln |