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Bill: Senate Resolution 60: Executive Agenda - Tax Reformation of 2573
Details
Submitted by[?]: Federal Independent Party
Status[?]: defeated
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: February 2574
Description[?]:
| The Federal Independent Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Solentia. Due to a growing populous and advancing economy, it is integral that funds in the Health & Social Services Department and the Trade & Industry Department receive spending boosts. Also, in order to acheive a strong sense of national security, help rebuild ailing infrastructure, and supply funds to the newly ordered tourism project by the SRNP, an increased return of revenue will be necessary. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 2
Current: 0
Proposed: 8
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 |
| > 20,000 SOL | 4% | 32,173,000,000 SOL |
| > 40,000 SOL | 6% | 27,074,000,000 SOL |
| > 60,000 SOL | 8% | 20,527,000,000 SOL |
| > 80,000 SOL | 10% | 19,125,000,000 SOL |
| > 100,000 SOL | 12% | 11,273,000,000 SOL |
| > 120,000 SOL | 14% | 6,891,000,000 SOL |
| > 140,000 SOL | 16% | 784,000,000 SOL | Total | 117,847,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 01:23:02, May 09, 2008 CET | From |  Meritocratic Alliance | To | Debating the Senate Resolution 60: Executive Agenda - Tax Reformation of 2573 |
| Message | We can't support a tax hike on Corporations that high as we feel it would be detrimental to the economy. |
| Date | 17:02:09, May 09, 2008 CET | From | Solentian People Party | To | Debating the Senate Resolution 60: Executive Agenda - Tax Reformation of 2573 |
| Message | Yet you were prepared to raise taxes for the poor SRNP Matthew Cuttingdale, Shadow Finance Minister |
| Date | 17:27:09, May 09, 2008 CET | From | Coalition for National Unity [CNU] | To | Debating the Senate Resolution 60: Executive Agenda - Tax Reformation of 2573 |
| Message | Obviously this party has always opposed tax increases as we see it as undermining the economic sovereignty of the citizen and as such, we oppose on a matter of principle. Lennix Ashwood - Shadow Secretary of State for Finance |
| Date | 18:29:54, May 09, 2008 CET | From | Meritocratic Alliance | To | Debating the Senate Resolution 60: Executive Agenda - Tax Reformation of 2573 |
| Message | To Cuttingdale, We raised corporate taxes 1 percent from 1 to 2. We do not see a need to raise them further and therefore are voting "no." What part of that do you have trouble comprehending? |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 138 | |||||
| no | Total Seats: 207 | |||||
| abstain | Total Seats: 0 |
| Random fact: Parties have the ability to endorse another party's candidate for the Head of State election (if there is one). This adds a strategic element to the elections. |
| Random quote: "I say myself that I am beautiful, and I think that all woman strive to look like me.“ - Melissa Hargreaves, former Dranian politician |