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Bill: Income tax proposal of December 2538
Details
Submitted by[?]: Chidan 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: August 2539
Description[?]:
| The Chidan Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Endralon. I know we're all naturally inclined to think higher taxes = bad, it's a touchy area, but I think these are the smallest readjustments that can be made while still hoping to lower our budget deficit by a decent amount. I think this will do for now anyway. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 18
Proposed: 1
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 11
Current: 27
Proposed: 15
Article 3
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 |
| > 13,000 END | 10% | 4,999,000,000 END |
| > 17,000 END | 21% | 8,559,000,000 END |
| > 22,000 END | 31% | 10,188,000,000 END |
| > 32,000 END | 36% | 1,520,000,000 END | Total | 25,266,000,000 END |
Debate
These messages have been posted to debate on this bill:
| Date | 00:06:28, February 29, 2008 CET | From |  Endralon Confederates Party | To | Debating the Income tax proposal of December 2538 |
| Message | Here's another idea to cut the deficit! Stop spending!!! Radical, I know. |
| Date | 00:18:07, February 29, 2008 CET | From | Chidan Party | To | Debating the Income tax proposal of December 2538 |
| Message | Clearly I intend on doing both, and already had the proposal on reduced spending up when you posted your message. When your deficit is -52,368,800,820 cutting expenditure just isn't quite enough. Surely even a right wing party can see this?! |
| Date | 02:54:58, February 29, 2008 CET | From | Endralon Confederates Party | To | Debating the Income tax proposal of December 2538 |
| Message | I know. I saw it afterwards and do apologize for the brazen comment. However, I still do agree in raising taxes and think we should be spending even half the money we are. Few (game) years back I had the budget all well and balanced and the taxes as low and fair as the game mechanics allow. We need to go back to that. |
| Date | 15:26:16, February 29, 2008 CET | From | Communist Workers Party | To | Debating the Income tax proposal of December 2538 |
| Message | I don't like taxing essential items and I won't go for a cut in spending. You'll have to increase Corporation tax. |
| Date | 15:34:26, February 29, 2008 CET | From | Chidan Party | To | Debating the Income tax proposal of December 2538 |
| Message | A 1% increase in tax on essential goods isn't going to have a huge impact on the individual consumer and i really don't think an increase in corporation tax alone, will be enough. |
| Date | 15:40:38, February 29, 2008 CET | From | Chidan Party | To | Debating the Income tax proposal of December 2538 |
| Message | Also, how do you feel about the proposed changes to income tax? |
| Date | 18:05:53, February 29, 2008 CET | From | Communist Workers Party | To | Debating the Income tax proposal of December 2538 |
| Message | OK I'll change. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 443 | |||
| no | Total Seats: 307 | |||
| abstain | Total Seats: 0 |
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| Random quote: "Religion, like capitalism, will perish in the end. We estimate the complete Terra-wide extinction of Hosianism as a religious belief by the year 4409, and in Dorvik by 4398." - Friedrich Pfeiffer, former Dorvish politician |