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Bill: Income tax proposal of April 2419
Details
Submitted by[?]: Trabajo y Libertad
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: August 2420
Description[?]:
| The Trabajo y Libertad propose to adjust the government's income tax policy to better address the economic situation of the República Federal de Davostan. |
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 |
| > 80,000 DAV | 10% | 217,168,000,000 DAV |
| > 120,000 DAV | 12% | 163,195,000,000 DAV |
| > 150,000 DAV | 15% | 250,164,000,000 DAV |
| > 200,000 DAV | 16% | 412,782,000,000 DAV |
| > 350,000 DAV | 27% | 327,579,000,000 DAV |
| > 500,000 DAV | 40% | 349,301,000,000 DAV | Total | 1,720,189,000,000 DAV |
Debate
These messages have been posted to debate on this bill:
| Date | 00:52:40, June 26, 2007 CET | From |  Trabajo y Libertad | To | Debating the Income tax proposal of April 2419 |
| Message | Assuming the new budget proposal (http://80.237.164.51/particracy/main/viewbill.php?billid=122844) is accepted this taxation model will leave a 13,000,000,000 DAV surplus (approx). This is a lot less than the previous 595,954,730,996 DAV surplus but we feel this money is better off in the hands of our citizens that they may better their lifestyle. |
| Date | 07:52:14, June 26, 2007 CET | From | Partido Democrático Social Verde | To | Debating the Income tax proposal of April 2419 |
| Message | Hold on a second, the budget you proposed is 2.323 trillion, this brings in 2.121 trillion, so we'd be running a deficit. Maybe bring the 200,000 and/or 350,000 bracket rate up a point or two. |
| Date | 13:18:46, June 26, 2007 CET | From | Trabajo y Libertad | To | Debating the Income tax proposal of April 2419 |
| Message | Actually with the current luxury and corporation taxes, the income taxes proposed here, and the budget elsewhere we maintain a small surplus (if my sums are right, I'll go back and double check them). |
| Date | 13:44:05, June 26, 2007 CET | From | Trabajo y Libertad | To | Debating the Income tax proposal of April 2419 |
| Message | A run-down of the proposed budget/tax system: Income Tax : 2,122,189,000,000 DAV Luxury Tax : 162,691,645,687 DAV Corporation Tax : 49,551,561,750 DAV Government Spending: 2,323,000,000,000 DAV ---------------------------- All Tax : 2,334,432,207,440 DAV (income + luxury + corporation) Spending : 2,323,000,000,000 DAV ---------------------------- Surplus : 11,432,207,437 DAV (all tax - spending) Old surplus : 597,589,987,914 DAV |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 127 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 98 |
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