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Bill: Budget Proposal of 2413 - Taxation
Details
Submitted by[?]: Democratic Party of Dorvik
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: March 2414
Description[?]:
| The Ministry of Finance proposes 6,7 billion tax cuts for the middle class and low-income people, emphasizing the latter group. This will not just increase economic equality between Dorvish citizens but also raises their living standards and stimulate national economy through increased spending. Furthermore, lowering taxation also makes working more profitable for people instead of staying unemployed. |
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 DDO | 4% | 19,314,000,000 DDO |
| > 20,000 DDO | 9% | 23,466,000,000 DDO |
| > 30,000 DDO | 20% | 25,433,000,000 DDO |
| > 40,000 DDO | 28% | 20,975,000,000 DDO |
| > 50,000 DDO | 39% | 31,771,000,000 DDO | Total | 120,959,000,000 DDO |
Debate
These messages have been posted to debate on this bill:
| Date | 18:53:07, June 08, 2007 CET | From |  Democratic Party of Dorvik | To | Debating the Budget Proposal of 2413 - Taxation |
| Message | Funding increases & tax cuts will decrease current budget surplus from 26,3 billion to 16,1 billion Dolgars which will be used for paying back the national debt, amounting some 322 billion Dolgars at July 2413 according to calculations by the Ministry of Finance. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 312 | ||||
| no | Total Seats: 38 | ||||
| abstain | Total Seats: 49 |
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