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Bill: Income tax proposal of March 2527
Details
Submitted by[?]: People's Revolutionary 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: November 2527
Description[?]:
| The People's Revolutionary Party propose to adjust the government's income tax policy to better address the economic situation of the Valruzian Federation. |
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 |
| > 6,000 VPO | 7% | 24,085,000,000 VPO |
| > 12,000 VPO | 11% | 46,529,000,000 VPO |
| > 20,000 VPO | 16% | 52,833,000,000 VPO |
| > 30,000 VPO | 24% | 51,758,000,000 VPO |
| > 42,000 VPO | 31% | 50,038,000,000 VPO |
| > 60,000 VPO | 43% | 17,176,000,000 VPO |
| > 70,000 VPO | 50% | 29,153,000,000 VPO | Total | 271,572,000,000 VPO |
Debate
These messages have been posted to debate on this bill:
| Date | 05:39:19, February 05, 2008 CET | From |  People's Revolutionary Party | To | Debating the Income tax proposal of March 2527 |
| Message | We need the money and unfortunately I don't know whether we need to cut spending or raise taxes, but I've proposed a 3% tax increase on those making 60,000 a year and added a new tax bracket as well. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 40 | ||||
| no |
Total Seats: 183 | ||||
| abstain | Total Seats: 110 |
| Random fact: RP laws follow the same passing rules as in-game variable laws. Laws that are not of a constitutional nature require a simple majority "Yes" vote from active parties currently holding seats. Laws that are of a constitutional nature require a 2/3 majority "Yes" vote from active parties currently holding seats. RP laws may be abolished a simple majority vote this applies to ANY RP law. |
| Random quote: "Political power grows out of the barrel of a gun... our principle is to have the Party control the gun and never allow the gun to control the Party." - Mao Zedong |