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Bill: A Bill to Lower the Luxury Goods Sales Tax and to Abolish the Corporation Tax
Details
Submitted by[?]: The Organization for Economic Freedom
Status[?]: defeated
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: February 2529
Description[?]:
| The Luxury Goods Sales tax has been determined by the authors of this legislation to be an undue burden upon the citizenry of the Great Commonwealth of Rutania. The money removed from Rutania's dynamic, strong economy works to the overall detriment of the country through its expenditure on pork-barrel projects and un-needed, outdated government programs. In addition, the Luxury Goods Sales Tax discourages the overall consumption of Luxury Goods, and thus is detrimental to the country's Gross Domestic Product. Healthy Corporations are a vital part of any sucessful economy. Taxing these corporations impedes overall national economic progress. At the time of the proposal of this bill, the corporate tax provides 1% of the revenues accrued by the Government of Rutania. This trivial amount of money ought to be in the hands of those most capabable of ensuring its exponential growth in the form of investment in business endeavors. This bill proposes that the Corporation Tax be lowered to 0%. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 1
Current: 12
Proposed: 0
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 30
Proposed: 2
Debate
These messages have been posted to debate on this bill:
| Date | 21:53:25, February 07, 2008 CET | From | New Conservatives | To | Debating the A Bill to Lower the Luxury Goods Sales Tax and to Abolish the Corporation Tax |
| Message | Completely against. This is a major source of revenue for the Government: how is it supposed to operate effectively with all that money gone from the treasury? |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 0 | ||||
| no |
Total Seats: 266 | ||||
| abstain |
Total Seats: 267 |
| Random fact: It usually takes up to an hour for election results to generate. During this time, the "Next Election" date is put forward a month, which is confusing. Do not worry! In a short time, the election result will generate and the "Next Election" date will then correct itself. |
| Random quote: "The goal of life is living in agreement with nature." Zeno (335 BC - 264 BC), from Diogenes Laertius, Lives of Eminent Philosophers |