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Bill: Income tax proposal of November 2481
Details
Submitted by[?]: Freedom 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: July 2483
Description[?]:
| The Freedom Party propose to cut income tax policy to better address the economic situation of the United Majatran Republic of Socialist Al'Badara. This is a more simplfied tax system it makes sure our lowest earners pay little or no tax and people that are successful in life are not punished for their hard work and are taxed accordingly. This is a tax cutting bill which will reduce our surplus and give money back to the people instead of filling up on surplus revenues. |
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 |
| > 30,000 BDR | 10% | 160,456,000,000 BDR |
| > 60,000 BDR | 25% | 341,514,000,000 BDR |
| > 100,000 BDR | 35% | 402,197,000,000 BDR | Total | 904,167,000,000 BDR |
Debate
These messages have been posted to debate on this bill:
| Date | 11:05:43, November 06, 2007 CET | From | Freedom Party | To | Debating the Income tax proposal of November 2481 |
| Message | The current tax system is over complicated. Lower earning will pay less tax overall and top earnings will have more money. There is little point having massive surpluses instead we should give the money back to the people. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 58 | |||||
| no |
Total Seats: 177 | |||||
| abstain | Total Seats: 44 |
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