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Bill: Flat Tax Act of 2489
Details
Submitted by[?]: Ordoliberal Party
Status[?]: passed
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: October 2490
Description[?]:
| The Ordoliberal Party after win the elections think that our propostion of taxes have support of people. We propse act go on further then our last proposition. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 22
Proposed: 12
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 0
Proposed: 12
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 22
Current: 50
Proposed: 12
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 DRA | 12% | 424,760,000,000 DRA | Total | 424,760,000,000 DRA |
Debate
These messages have been posted to debate on this bill:
| Date | 16:48:08, November 22, 2007 CET | From | Freeminded People's Party | To | Debating the Flat Tax Act of 2489 |
| Message | For a truly flat tax system, make the sales tax 14%; that way, of the total amount transacted, 12% of it goes to the government while the other 88% goes to the seller. This is in keeping with 12% of personal & business income going to the government. |
| Date | 22:12:07, November 22, 2007 CET | From | Freeminded People's Party | To | Debating the Flat Tax Act of 2489 |
| Message | Will the budget balance with the sales tax at only 12%? |
| Date | 22:13:16, November 22, 2007 CET | From | Freeminded People's Party | To | Debating the Flat Tax Act of 2489 |
| Message | We're not too sure about this; it not only increases income tax on the lowest-paid, but also increases sales taxes (that primarily affect the poorest). How equitable will this new system be? |
| Date | 22:24:57, November 22, 2007 CET | From | Ordoliberal Party | To | Debating the Flat Tax Act of 2489 |
| Message | After passed the Flat Tax Act Financal Minister prof. Leszek Balcerowicz will propose new budget spending. For poorest people we want make more work places. Problem is not poor people problem is people who haven't work. In first place we want help them to get the job and next our legislative proposition will be at this subject. |
| Date | 01:34:47, November 23, 2007 CET | From | Freeminded People's Party | To | Debating the Flat Tax Act of 2489 |
| Message | We're still concerned about the affordability of this plan; while the low taxes may create large numbers of jobs & large amounts of wealth over time, in the short term it could result in a large deficit & a debt that takes decades to pay. Was the number-crunching done? Will this result in a deficit, and if so, how big? If there is no deficit (or at least not a big one), then we'll vote for it. |
| Date | 02:11:34, November 23, 2007 CET | From | Ordoliberal Party | To | Debating the Flat Tax Act of 2489 |
| Message | We planned no deficit. We want to cut spending on defence (smaller army, smaller spending on ABC Weapons), justice, health and social services (private health care system), education and culture (private schools with voutchers), science and technology (smaller spending on military reaserch and give lot of this sector in private hands). We want social free market, where the state intervene only when in market appears monopoly. |
| Date | 02:56:19, November 23, 2007 CET | From | Freeminded People's Party | To | Debating the Flat Tax Act of 2489 |
| Message | If you say so. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 427 | |||
| no |
Total Seats: 234 | |||
| abstain | Total Seats: 89 |
| Random fact: Real-life religions should not be referenced in Particracy. Terra has its own religions, many of which mirror real-life ones. See: http://particracy.wikia.com/wiki/Illustrated_Catalogue_of_Religion |
| Random quote: "The only difference between the Democrats and the Republicans is that the Democrats allow the poor to be corrupt, too." - Oscar Levant |