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Bill: Income tax proposal of March 2407
Details
Submitted by[?]: Kaiserliche Hulsterreichische Partei
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: November 2407
Description[?]:
The Minister of Finance proposes streamlining the taxing system and assuming that his budget proposal is passed, only income tax will be needed to pay for government services. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 20
Proposed: 7
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 6
Current: 15
Proposed: 0
Article 3
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 HCR | 1% | 5,702,000,000 HCR |
> 10,000 HCR | 5% | 14,257,000,000 HCR |
> 15,000 HCR | 20% | 114,053,000,000 HCR |
> 25,000 HCR | 30% | 206,032,000,000 HCR |
> 50,000 HCR | 35% | 109,561,000,000 HCR |
> 75,000 HCR | 40% | 57,815,000,000 HCR |
> 100,000 HCR | 50% | 64,664,000,000 HCR | Total | 572,084,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
Date | 03:57:50, May 21, 2007 CET | From | Wiedervereinigten Nationalisten | To | Debating the Income tax proposal of March 2407 |
Message | We shan't support a "progressive" tax system that is reversed discrimination |
Date | 04:30:26, May 21, 2007 CET | From | Kaiserliche Hulsterreichische Partei | To | Debating the Income tax proposal of March 2407 |
Message | Well we can't go straight from progressive to flat with our budget whether you like it or not. |
Date | 10:52:36, May 21, 2007 CET | From | Republican People's Party | To | Debating the Income tax proposal of March 2407 |
Message | This is not a budget for the people; this is a budget for the rich and privileged. James Underdown (Leader of the RPP) |
Date | 12:46:05, May 21, 2007 CET | From | Kaiserliche Hulsterreichische Partei | To | Debating the Income tax proposal of March 2407 |
Message | "Indeed considering I've proposed slashing taxes on the two lowest tax branches and elminated an entire one to boot." Freidrich Altberg Minister of Finance |
Date | 00:39:14, May 22, 2007 CET | From | Wiedervereinigten Nationalisten | To | Debating the Income tax proposal of March 2407 |
Message | "Can I point out that since this bill entered debate, my own bill has passed and has been implemented without any repercussions?" -Former Prime Minister Greene |
Date | 00:39:23, May 22, 2007 CET | From | Wiedervereinigten Nationalisten | To | Debating the Income tax proposal of March 2407 |
Message | http://80.237.164.51/particracy/main/viewbill.php?billid=117082 |
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Voting
Vote | Seats | |||
yes |
Total Seats: 289 | |||
no |
Total Seats: 251 | |||
abstain | Total Seats: 110 |
Random fact: You can view helpful ideological statistics about the regions in your nation on the region pages. You can also view detailed political opinions and the importance of them there as well. |
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