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Bill: Income tax proposal of January 2437
Details
Submitted by[?]: We Say So! 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 not pass any sooner than the deadline.
Voting deadline: March 2438
Description[?]:
| The We Say So! Party propose to adjust the government's income tax policy to better address the economic situation of the Second Imperial Republic of Hobrazia. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 12
Current: 12
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 |
| > 12,000 HCR | 10% | 44,224,000,000 HCR |
| > 20,000 HCR | 22% | 161,869,000,000 HCR |
| > 40,000 HCR | 35% | 119,965,000,000 HCR |
| > 60,000 HCR | 57% | 165,996,000,000 HCR | Total | 492,054,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
| Date | 16:49:21, July 31, 2007 CET | From |  pinnipedae Party | To | Debating the Income tax proposal of January 2437 |
| Message | What effect would this have on total tax revenue, and would the apparent decrease in revenue still be adequate to fully fund all government projects? |
| Date | 21:37:05, July 31, 2007 CET | From | Wealth and Prosperity Party | To | Debating the Income tax proposal of January 2437 |
| Message | Seems like a reasonable plan, Wealth and Prosperity will get behind this. |
| Date | 12:25:25, August 01, 2007 CET | From | We Say So! Party | To | Debating the Income tax proposal of January 2437 |
| Message | All tax revenue has been estimated to include the increases in Government expenditure. We have no intention of moving this Country into the "red" at any point, although it must be considered that we have maintained a surplus for some decades now so should a brief "blip" occur with our maths then it would have little damage to our current fiscal position as this "stored" money would be utilised in order to make up any unlikely deficits. |
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Voting
| Vote | Seats | |||||||
| yes |
Total Seats: 296 | |||||||
| no | Total Seats: 0 | |||||||
| abstain | Total Seats: 0 |
| Random fact: "Jezvraljogadsrlji" means "Social" in the Jelbic languages. |
| Random quote: "If the misery of the poor be caused not by the laws of nature, but by our institutions, great is our sin." - Charles Darwin |