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Bill: Income tax proposal of September 2420
Details
Submitted by[?]: Endralonian Social-Democratic Party
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: May 2421
Description[?]:
| The Endralonian Social-Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Endralon. |
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 |
| > 5,000 END | 2% | 5,958,000,000 END |
| > 15,000 END | 22% | 11,150,000,000 END |
| > 20,000 END | 29% | 7,373,000,000 END |
| > 25,000 END | 34% | 5,502,000,000 END |
| > 30,000 END | 39% | 3,043,000,000 END |
| > 35,000 END | 44% | 434,000,000 END | Total | 33,460,000,000 END |
Debate
These messages have been posted to debate on this bill:
| Date | 21:39:34, June 28, 2007 CET | From | Endralonian Social-Democratic Party | To | Debating the Income tax proposal of September 2420 |
| Message | Minister Stanishev propose the following taxation frame. It's much more complex than old one. Changes are as follows: a) the low-incomers are only with 2% tax b) bracket > 15,000 tax's lowered than current tax with 3% c) bracket > 20,000 is lowered with 1% than current one d) proportionally taxation build-up for next level incomers (25,000 ; 30,000 ; 35,000) The conclusion is ~7,000,000,000 surplus. This seems fair to ESDP. We hope Minister of Finances will approve this as well as other parties. |
| Date | 22:22:48, June 28, 2007 CET | From | Renewal Party | To | Debating the Income tax proposal of September 2420 |
| Message | We strongly oppose raising taxes on the poor. The Renewal Party was the one who eliminated taxes on the lower classes through higher taxes on the rich. Why do you want to lower taxes for the rich while taking hard working Endralonians? |
| Date | 14:17:50, June 29, 2007 CET | From | Endralonian Social-Democratic Party | To | Debating the Income tax proposal of September 2420 |
| Message | There's no free launch! Everyone must sit on their asses and work! Endralonians must not lie on social funds. People which income is lower than 5,000!!! END are free of taxes, we think that's fair and enough! Because of separatism and no budged care Endralon have only 1,000 M in treasure, country cannot live with such amount of money. |
| Date | 15:40:34, June 29, 2007 CET | From | Renewal Party | To | Debating the Income tax proposal of September 2420 |
| Message | We lived with small expenditures and a balanced budget for almost 100 years. |
| Date | 15:54:52, June 29, 2007 CET | From | Endralonian Social-Democratic Party | To | Debating the Income tax proposal of September 2420 |
| Message | But it was an minus sign, yeah? ESDP tryed to fix this by lowering the GOVERNMENT spendings. Oh let's see why GOVERNMENT was spending so much? RP and NC was in power? A corruption we see! |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 255 | ||||
| no | Total Seats: 211 | ||||
| abstain |
Total Seats: 34 |
| Random fact: The influence a bill has on elections decreases over time, until it eventually is no longer relevant. This can explain shifts in your party's position to the electorate and your visibility. |
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