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Bill: Income tax proposal of August 2479 (Ministry of Finance)
Details
Submitted by[?]: Partido Lariano Nacional
Status[?]: defeated
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: November 2480
Description[?]:
| The minister of finance, Alberto Alessandri presents these bills to modify the taxes (person/goods/industry) of the republic of Egelion. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 4
Current: 10
Proposed: 7
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 19
Proposed: 2
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 4
Current: 19
Proposed: 8
Article 4
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 |
| > 10,000 EGP | 8% | 12,233,000,000 EGP |
| > 15,000 EGP | 12% | 10,721,000,000 EGP |
| > 20,000 EGP | 16% | 9,718,000,000 EGP |
| > 25,000 EGP | 20% | 6,631,000,000 EGP |
| > 30,000 EGP | 24% | 4,272,000,000 EGP |
| > 35,000 EGP | 28% | 2,983,000,000 EGP |
| > 40,000 EGP | 30% | 3,157,000,000 EGP | Total | 49,715,000,000 EGP |
Debate
These messages have been posted to debate on this bill:
| Date | 22:33:53, November 01, 2007 CET | From | Democratic Labour Party | To | Debating the Income tax proposal of August 2479 (Ministry of Finance) |
| Message | The current rate: > 10,000 EGP - 8% - 20,489,230,898 EGP > 15,000 EGP - 13% - 19,085,226,122 EGP > 20,000 EGP -18% - 17,597,982,401 EGP > 25,000 EGP - 23% - 12,457,041,777 EGP > 30,000 EGP - 28% - 7,772,489,350 EGP > 35,000 EGP - 30% - 5,415,072,738 EGP > 40,000 EGP - 33% - 6,898,344,458 EGP |
| Date | 18:28:43, November 02, 2007 CET | From |  Partido Lariano Nacional | To | Debating the Income tax proposal of August 2479 (Ministry of Finance) |
| Message | So, are you in or are you out?. ^^ |
| Date | 23:51:49, November 02, 2007 CET | From | Democratic Labour Party | To | Debating the Income tax proposal of August 2479 (Ministry of Finance) |
| Message | We're in. |
| Date | 00:17:27, November 03, 2007 CET | From | bran1322 Party | To | Debating the Income tax proposal of August 2479 (Ministry of Finance) |
| Message | Still a no for me because your reducing the income tax which makes the rich pay a greater share and increasing the sales tax which makes the poor pay more. This leads to a greater rich/poor divide. |
| Date | 01:11:39, November 03, 2007 CET | From | Technocrat Bloc | To | Debating the Income tax proposal of August 2479 (Ministry of Finance) |
| Message | I like the reduced income tax but don't really like the tax of essential goods. |
| Date | 05:54:03, November 03, 2007 CET | From | Technocrat Bloc | To | Debating the Income tax proposal of August 2479 (Ministry of Finance) |
| Message | Ministry of Finance (Reformed Portalian Party) would it be improper if I proposed my own bills on government spending? |
| Date | 07:06:54, November 03, 2007 CET | From | Communist Party of Egelion (KKE) | To | Debating the Income tax proposal of August 2479 (Ministry of Finance) |
| Message | I agree with bran1332 ... |
| Date | 12:15:39, November 03, 2007 CET | From | bran1322 Party | To | Debating the Income tax proposal of August 2479 (Ministry of Finance) |
| Message | Anyone can propose their own revenue or spending bills Technocrat Bloc. |
| Date | 13:38:42, November 03, 2007 CET | From | Technocrat Bloc | To | Debating the Income tax proposal of August 2479 (Ministry of Finance) |
| Message | OOC: Thank you. |
| Date | 22:47:52, November 03, 2007 CET | From | Partido Lariano Nacional | To | Debating the Income tax proposal of August 2479 (Ministry of Finance) |
| Message | Yup, anyone can propose them... Though the roleplay suffers a bit... =P |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 60 | ||||||
| no |
Total Seats: 241 | ||||||
| abstain | Total Seats: 0 |
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