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Bill: Income tax proposal of September 2473
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: May 2474
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% | 43,310,000,000 BLD |
| > 25,000 BLD | 13% | 115,804,000,000 BLD |
| > 50,000 BLD | 25% | 128,336,000,000 BLD |
| > 100,000 BLD | 28% | 16,823,000,000 BLD | Total | 304,273,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 00:24:50, October 21, 2007 CET | From | Libertarian Party | To | Debating the Income tax proposal of September 2473 |
| Message | Current expenses are 407,000,000,000 BLD and you total revenue is 639,766,489,961 BLD. INCOME TAX ALONE is 468,657,882,973 BLD at the moment. So there is a huge surplus and the tax cut would benefit our nation. |
| Date | 02:08:43, October 21, 2007 CET | From | Revolutionary Democratic Socialists | To | Debating the Income tax proposal of September 2473 |
| Message | why dont we just increase government spending to provide better services to the people of baltusia? |
| Date | 03:47:33, October 21, 2007 CET | From |  Txurruka/Aperribai/Mayoz's OPX | To | Debating the Income tax proposal of September 2473 |
| Message | How about we ignore it since the budget function is incomplete and serves no real purpose? |
| Date | 15:28:34, October 21, 2007 CET | From | Libertarian Party | To | Debating the Income tax proposal of September 2473 |
| Message | Small government - lower taxes - more freedom! I think government should provide basic functions but sure people are smarter than the government and can make a better use of the money. |
| Date | 08:26:49, October 22, 2007 CET | From | Revolutionary Democratic Socialists | To | Debating the Income tax proposal of September 2473 |
| Message | more freedom for who? if you happen to not have money this just gives you the "freedom" to go without adequate healthcare, education ect. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 132 | ||||
| no |
Total Seats: 136 | ||||
| abstain |
Total Seats: 32 |
| Random fact: Real-life places should not be referenced in Particracy. |
| Random quote: "Why is it that, as a culture, we are more comfortable seeing two men holding guns than holding hands?" - Ernest Gaines |