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Bill: Income tax proposal of January 2509
Details
Submitted by[?]: Classical Reform 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: February 2510
Description[?]:
| The Classical Reform Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. |
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 |
| > 1,500 RUT | 2% | 2,888,000,000 RUT |
| > 4,500 RUT | 6% | 3,994,000,000 RUT |
| > 8,000 RUT | 8% | 2,592,000,000 RUT | Total | 9,474,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 20:28:46, December 30, 2007 CET | From | Classical Reform Party | To | Debating the Income tax proposal of January 2509 |
| Message | Our current tax system takes in MASSIVE SURPLUSES, which for a government and a public entity is UNACCEPTABLE. This system puts us closer in line with our current spending (which is also massively large and should be curtailed, see our other bill). Upon spending cuts that must be taken in the near future, these tax rates may one again be cut. |
| Date | 22:41:44, December 30, 2007 CET | From |  Freedom Party | To | Debating the Income tax proposal of January 2509 |
| Message | You realise that your figures do not add up? This is why the Classical Reform Party are not in Government Assemblymen. The estimated revenue of circa. 16 billion Ruta would not meet the current spending levels nor the slashed spending levels of 23.75 billion Ruta. Do the Classical Reformists want to put the government into debt? |
| Date | 01:26:27, December 31, 2007 CET | From | Classical Reform Party | To | Debating the Income tax proposal of January 2509 |
| Message | No, look at the whole of the budget—you're forgetting income from corporate taxes and from sales taxes. The new budget would simply eliminate the surplus. |
| Date | 12:36:27, December 31, 2007 CET | From | Freedom Party | To | Debating the Income tax proposal of January 2509 |
| Message | Freedom Party Press Release! James Keane, Finance Spokesman for the Freedom Party, has been fired from that position. Trent Reznor, leader of the Freedom Party, has announced that the gross miscalculation and embarrassment caused by Keane in a recent Assembly debate was unacceptable and made his position untenable. In his place, Mr Reznor has appointed Victoria Knight, former Trade and Industry spokesman, to the position of Spokesman for Finance. |
| Date | 19:37:55, December 31, 2007 CET | From | Classical Reform Party | To | Debating the Income tax proposal of January 2509 |
| Message | The Classical Reform Party accepts the Freedom Party's tacit apology whole-heartedly. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 392 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 168 |
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