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Bill: Income tax proposal of December 2455
Details
Submitted by[?]: Capitalist Working Families
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 2456
Description[?]:
| The Capitalist Working Families propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. |
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 |
| > 17,000 RUT | 20% | 100,000,000 RUT | Total | 100,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 13:23:50, September 15, 2007 CET | From |  Neo-Epicurean Party | To | Debating the Income tax proposal of December 2455 |
| Message | We are curious about the logic behind this, and would like some explanation before we decide how to vote. This seems to be a regressive tax, in which the highest income bracket would pay less than the one below it. |
| Date | 13:27:06, September 15, 2007 CET | From | Capitalist Working Families | To | Debating the Income tax proposal of December 2455 |
| Message | Dear My Fellow Assemblymen: MILLIONS of our fellow Rutanians are suffering from STARVATION, UNEMPLOYMENT, and POVERTY!!! We must RADICALLY reform our nation's tax code so that it would encourage Pro-GROWTH economic policies to create jobs and thereby be able to better compete with other nations within Terra. Some of our regions are facing unemployment rates at an ABYSMAL 10% which is basically leaning towards "Third World Status." (1) Therefore, the Capitalist Working Families Party's first plan to alleviate poverty is to completely abolish ALL of the 4 tax brackets that are BELOW 17,000 RUT (equivalent to $100,000 in U.S. Dollars) to a 0% rate. If we allow the working and middle class familes of this great Commonwealth keep MORE of their OWN money instead of shelving it to some government bureaucrat at the Internal Revenue Service (IRS), they are natually going to SPEND, SAVE, and INVEST in the economy thus bolstering it from the BOTTOM-up (a.k.a. "demand-side/"pump priming" economics). (2) Second, the Federal Government will maintain its adequate source of revenue by levying a Flat Tax of 20% for ALL incomes ABOVE 17,000 RUT (equivalent to $100,000 in U.S. Dollars) on the wealthy. Not only will this be a FAIRER system since the wealthy will be the SOLE sources of Federal revenue, but the 20% rate that they will now pay is half that of the draconian 40% rate that they were paying beforehand. This will stimulate the economy from the TOP-down (a.k.a. Supply-side/"trickle-down" economics) since the wealthy and business classes (who actually CREATE the jobs, btw) will then either SPEND, SAVE, or RE-invest that "20%" in savings in increasing production and thus MORE JOBS!!! (3) In conclusion, this revolutionary tax reform plan is neither the Conservative "Trickle-down economics" plan of Ronald Reagan nor the "pump-priming economics" plan of F.D.R. but what I like to call "Common-Sense Economics" since it CONSOLIDATES the two in order to pave the road of a better and more prosperous Rutania. Thank you for your full support. Cordially yours, Christian E. Savage, President & Prime Minister-elect of the Commonwealth of Rutania |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 383 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 367 |
| Random fact: The people in your nation don't like inactive parties. When you often abstain from voting for a bill, they will dislike your party and your visibility to the electorate will decrease significantly. Low visibility will means you are likely to lose seats. So keep in mind: voting Yes or No is always better than Abstaining. |
| Random quote: "The more you can increase fear of drugs and crime, welfare mothers, immigrants and aliens, the more you control all the people." - Noam Chomsky |