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Bill: Adjusting the Tax Rate
Details
Submitted by[?]: Tuesday Is Coming
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: March 2109
Description[?]:
| We now have a surplus of 2,818,734,103 LOD. The 10% tax on luxuries brings in 3,378,311,419 LOD This means that we only need 559,577,316 LOD to be funded through the luxury tax. 559,577,316/3,378,311,419= 16.5638% (of the current 10% luxury tax) This rate should eliminate the surplus and return the money to the people, without causing a deficit. If circumstances change, the rate will be adjusted again. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 25
Proposed: 1.6564
Debate
These messages have been posted to debate on this bill:
| Date | 20:56:29, September 09, 2005 CET | From |  Tuesday Is Coming | To | Debating the Adjusting the Tax Rate |
| Message | (One other question is how a 0% corporate tax manages to bring in 7 billion in revenue...but for now we are taking the data as it appears) |
| Date | 23:45:09, September 09, 2005 CET | From | Cooperative Commonwealth Federation | To | Debating the Adjusting the Tax Rate |
| Message | The Assembly may soon approve new social spending. We suggest waiting a year before cutting the tax rate, to see if the money is needed for new programmes. |
| Date | 00:16:47, September 10, 2005 CET | From | Tuesday Is Coming | To | Debating the Adjusting the Tax Rate |
| Message | Until then, can we adjust the rate to a more appropriate number than 10%? Right now it is more than 5 times what is needed. Also, I dont know if Wouter has tied everything together yet. |
| Date | 04:16:09, September 10, 2005 CET | From | CNT/AFL | To | Debating the Adjusting the Tax Rate |
| Message | Opposed, the CNT/AFL is about to embark on a not so ambitious social investment drive, to restore social services to the quality they were before they were decimated by years of capitalist rule. |
| Date | 18:20:33, September 10, 2005 CET | From | Tuesday Is Coming | To | Debating the Adjusting the Tax Rate |
| Message | So adjust the rate afterwards? |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 112 | |||||
| no |
Total Seats: 160 | |||||
| abstain |
Total Seats: 0 |
| Random fact: Head to the "Language assistance" thread to receive and offer help with translations: http://forum.particracy.net/viewtopic.php?f=5&t=6368 |
| Random quote: "The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems, the problems of life and of human relations, of creation and behaviour and religion." - John Maynard Keynes |