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Bill: Income tax proposal of June 2460
Details
Submitted by[?]: Libertarian Party
Status[?]: defeated
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: June 2461
Description[?]:
The Libertarian Party propose to adjust the government's income tax policy to better address the economic situation of the Republica Baltusia. |
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 |
> 12,500 BLD | 6% | 43,220,000,000 BLD |
> 25,000 BLD | 12% | 106,663,000,000 BLD |
> 50,000 BLD | 29% | 165,923,000,000 BLD | Total | 315,806,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
Date | 12:35:42, September 24, 2007 CET | From | Libertarian Party | To | Debating the Income tax proposal of June 2460 |
Message | Taxes are reduced: Category 1: 1%, 2: 2%, 3: 1%. The taxes can be lowered because we voted for the new budget with less spending. You have to add corporate taxes and sales tax to the new total of 410,407,000,000 BLD. |
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Voting
Vote | Seats | |||
yes |
Total Seats: 114 | |||
no |
Total Seats: 90 | |||
abstain | Total Seats: 96 |
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