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Bill: Luxury and Corporation Tax


Submitted by[?]: Social Democratic Party

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: May 2555


We need to see what kind of revenue the Luxury and Corporation Tax will bring us. I propose a 1% tax in both these areas, to see how much we would need to put our budget into the positives.



These messages have been posted to debate on this bill:

Date17:21:38, April 01, 2008 CET
FromRadical Party
ToDebating the Luxury and Corporation Tax
MessageTaxation should be kept to an absolute minimum. The 10% flat income tax is more than enough to cover essentials.

- Kristian Donson - Leader of the Radical Party

Date19:32:54, April 01, 2008 CET
FromDemocratic Capitalist Delegation
ToDebating the Luxury and Corporation Tax
MessageWe recognize the necessity of a balanced budget and in doing so support this bill. With the proposed budget cuts failing to be passed, we see a need for an increase in taxes.

James Lott
Democratic Capitalist Delegation

Date01:50:42, April 02, 2008 CET
FromConservative Ordo Malleus (COM)
ToDebating the Luxury and Corporation Tax
MessageHow much will the proposed taxes raise in added revenue? And, how much will the proposed taxes make a negative impact?
-Roger Evars, COM Party Leader

Date01:54:54, April 02, 2008 CET
FromSocial Democratic Party
ToDebating the Luxury and Corporation Tax
MessageIn response to the COM's question. We do not know how much this 1% tax will add in revenue, that's why we are proposing a 1% tax increase instead of a different number. If this bill is passed we will do the math and see what percentage of luxury and corporation tax we need to balance the budget. As to your second question, we do not know what these taxes will impact negatively. It seems as though we would be taking money from the people who can afford luxury goods, and from the corporations of Telamon.

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