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Bill: Taxpayer Relief Act of 2420
Details
Submitted by[?]: Christian Democratic Union
Status[?]: passed
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: October 2420
Description[?]:
| The Christian Democratic Union proposes to adjust the previous government's confiscatory tax policy so as to better address the economic situation of the nation through the aggressive cuts in the nation's marginal rates and the lowering of demand-killing luxury goods tax. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 33
Proposed: 10
Article 2
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 BDR | 2% | 6,875,000,000 BDR |
| > 7,000 BDR | 4% | 13,749,000,000 BDR |
| > 13,000 BDR | 7% | 18,046,000,000 BDR |
| > 17,500 BDR | 8% | 34,373,000,000 BDR |
| > 25,000 BDR | 10% | 63,018,000,000 BDR |
| > 36,000 BDR | 13% | 51,414,000,000 BDR |
| > 43,000 BDR | 15% | 63,373,000,000 BDR |
| > 51,000 BDR | 18% | 62,426,000,000 BDR |
| > 58,000 BDR | 19% | 61,756,000,000 BDR |
| > 65,000 BDR | 21% | 62,495,000,000 BDR |
| > 72,000 BDR | 22% | 91,668,000,000 BDR |
| > 84,000 BDR | 23% | 126,702,000,000 BDR |
| > 106,000 BDR | 25% | 254,487,000,000 BDR | Total | 910,382,000,000 BDR |
Debate
These messages have been posted to debate on this bill:
| Date | 17:53:03, June 25, 2007 CET | From | Christian Democratic Union | To | Debating the Taxpayer Relief Act of 2420 |
| Message | Up for debate, critique, and suggested amendment for the next 24-36 hours before moving off to the vote(barring some unforeseen problems). Companion to the new budget. |
| Date | 17:15:22, June 26, 2007 CET | From | Freedom Party | To | Debating the Taxpayer Relief Act of 2420 |
| Message | We will vote yes with this budget. It is a very good budget and will put money back in the pockets of our hard working people. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 45 | ||||
| no |
Total Seats: 35 | ||||
| abstain | Total Seats: 0 |
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