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Bill: Tax Reduction Act
Details
Submitted by[?]: National Arab Party of Kafuristan
Status[?]: passed
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: February 2429
Description[?]:
| Billions of Kafurimarks are being wasted each year, not put to better and more useful purposes. We should reduce restrictions on domestic purchases of domestic goods! |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 60
Current: 25
Proposed: 49
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 18
Current: 25
Proposed: 1
Debate
These messages have been posted to debate on this bill:
| Date | 01:39:01, July 14, 2007 CET | From | Democratic Party | To | Debating the Tax Reduction Act |
| Message | If you lower the corporation profit tax more and leave the luxury tax as it is, we can support. |
| Date | 01:48:56, July 14, 2007 CET | From |  National Arab Party of Kafuristan | To | Debating the Tax Reduction Act |
| Message | But wouldn't decreasing the sales tax increase the profit, thereby increasing taxes earned? |
| Date | 01:52:47, July 14, 2007 CET | From | Democratic Party | To | Debating the Tax Reduction Act |
| Message | No, because the tax is imposed after the profit has been made; we do not take more tax later. For example, if a company makes 100 KAFs profit, we presently take 60 KAFs. However, if we lowered the Profit Tax to say 45%, we would only take 45 KAFs. In the first example this would leave 40 KAFs "real profit", and 55 in the second example. We do not tax this final amount. |
| Date | 02:14:25, July 14, 2007 CET | From | National Arab Party of Kafuristan | To | Debating the Tax Reduction Act |
| Message | Yes, but wouldn't some companies pass this tax to their consumers? Thereby reducing consumption and thus profit? |
| Date | 15:52:58, July 14, 2007 CET | From | Democratic Party | To | Debating the Tax Reduction Act |
| Message | Maybe, but they do this already! |
| Date | 17:54:22, July 14, 2007 CET | From | Democratic Party | To | Debating the Tax Reduction Act |
| Message | If we want the economy to grow we need to allow them to keep more profit, by reducing sales tax. If you do that, and keep Luxury Tax at 18, we will support it. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 291 | |||
| no | Total Seats: 214 | |||
| abstain | Total Seats: 0 |
| 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. |
| Random quote: "When was the last time you talked about race with someone of a different race? If the answer is never, you're part of the problem." - Bill Bradley |