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Bill: Income tax proposal of September 2537
Details
Submitted by[?]: Normand Pluralist 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: May 2538
Description[?]:
| We would like to pass on our budget surplus to the poorest elements of Sekowo, and reduce the luxury tax. —Dgillaume d'Jumièges |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 19
Proposed: 18
Article 2
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 |
| > 10,000 SEK | 10% | 15,674,000,000 SEK |
| > 20,000 SEK | 21% | 20,729,000,000 SEK |
| > 30,000 SEK | 33% | 22,026,000,000 SEK |
| > 40,000 SEK | 45% | 16,012,000,000 SEK |
| > 50,000 SEK | 50% | 14,140,000,000 SEK |
| > 60,000 SEK | 55% | 7,811,000,000 SEK | Total | 96,392,000,000 SEK |
Debate
These messages have been posted to debate on this bill:
| Date | 06:34:18, February 26, 2008 CET | From | å¸å›½å…¬æ˜Žå…š (Teikoku KÅmeitÅ) | To | Debating the Income tax proposal of September 2537 |
| Message | So you want to make Sekowo have an annual debt increasing at nearly 41 billion annually. We refuse to vote for this idiocy. |
| Date | 06:51:38, February 26, 2008 CET | From | Normand Pluralist Party | To | Debating the Income tax proposal of September 2537 |
| Message | We once again ask the DSP to fire its accountants/staticians. We currently have a surplus of nearly 26 billion SEK. This would reduce income tax income by about 19.39 billion SEK. It would reduce luxury tax income by about 4.1 billion SEK 26 -19.39 -4.1 = Roughly a 2.5 Billion SEK surplus leftover. —Dgillaume d'Jumièges. We do not think we could ever stand a cabinet with the DSP in charge of Finances. |
| Date | 06:57:43, February 26, 2008 CET | From | å¸å›½å…¬æ˜Žå…š (Teikoku KÅmeitÅ) | To | Debating the Income tax proposal of September 2537 |
| Message | The government currently spends 187,904,500,000 SEK. You want to reduce the governments income to 140,950,000,000 SEK. That means the government would be spending 46,954,500,000 MORE than it was bringing in. OOC: Only income tax counts in this matter, not luxury tax since it's completely disconnected. |
| Date | 07:02:40, February 26, 2008 CET | From | Normand Pluralist Party | To | Debating the Income tax proposal of September 2537 |
| Message | Income tax revenues are currently 160,338,850,119 SEK. This proposal would reduce income tax to 140,950,000,000 SEK. It does not alter government spending in any way. Would the DSP please like to subtract the following: 160,338,850,119 SEK (current) -140,950,000,000 SEK (proposed) ... and give us the difference? Oh, and remember to take into account that we currently have a 25,828,988,829 SEK budget surplus (corporation & luxury tax make up the remainder). |
| Date | 07:03:55, February 26, 2008 CET | From | Normand Pluralist Party | To | Debating the Income tax proposal of September 2537 |
| Message | Realize that government income is a combination of four things: Income tax Essential Goods tax (0% in Sekowo) Luxury tax Corporation tax |
| Date | 09:34:02, February 26, 2008 CET | From | Free Democratic Party | To | Debating the Income tax proposal of September 2537 |
| Message | The DSP should fire its finance people |
| Date | 12:11:47, February 26, 2008 CET | From | Pan-Sekowo Freedom Alliance | To | Debating the Income tax proposal of September 2537 |
| Message | Government spening is still at approx 180,000,000,000 though isn't it? I dont think we should have an income lower than that. |
| Date | 23:11:05, February 26, 2008 CET | From | Revolutionary State Socialist Party | To | Debating the Income tax proposal of September 2537 |
| Message | We dislike the continued tax lowering. You appear to be doing it in small steps untill its it is almost completly gone. |
| Date | 05:19:05, February 27, 2008 CET | From | Peasant Party Of Sekowo | To | Debating the Income tax proposal of September 2537 |
| Message | We view this tax cut as a positive development. Those who vote against it do so against the wishes of the people. |
| Date | 05:38:46, February 27, 2008 CET | From | Normand Pluralist Party | To | Debating the Income tax proposal of September 2537 |
| Message | To repeat: Government income will REMAIN HIGHER than government spending. There will be a SURPLUS of over 2 Billion SEK annually. CURRENTLY: Goverment spending is already HIGHER than INCOME TAX income, but not OVERALL government income. There is currently a surplus of about 25 Billion SEK annually (not being used for much of anything). PUA: Your objection is that you don't think government should be spending any less than 180 Billion SEK per annum? This bill in no way changes government spending. USMC: We have a surplus currently. We are just reducing taxes to fit spending. Previous spending reductions were made primarily at the request of the DSP. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 356 | ||||||
| no |
Total Seats: 244 | ||||||
| abstain | Total Seats: 0 |
| Random fact: Hundreds of vessels were lost while traversing the cold waters of the Sea of Lost Souls. It is located between Seleya and Majatra. |
| Random quote: "Freedom is not America's gift to the world. It is God's gift to humanity. " - George W. Bush |