We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Income tax proposal of July 2114
Details
Submitted by[?]: NeoSocialist 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: August 2115
Description[?]:
| The NeoSocialist Party propose to adjust the government's income tax policy to better address the economic situation of the Quanzar Emirate. |
Proposals
Article 1
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 |
| > 621 LIS | 5% | 2,673,000,000 LIS |
| > 1,554 LIS | 8% | 7,120,000,000 LIS |
| > 3,107 LIS | 12% | 19,967,000,000 LIS |
| > 6,214 LIS | 30% | 52,014,000,000 LIS |
| > 12,428 LIS | 45% | 45,027,000,000 LIS | Total | 126,801,000,000 LIS |
Debate
These messages have been posted to debate on this bill:
| Date | 04:58:09, September 22, 2005 CET | From | Unionist Party | To | Debating the Income tax proposal of July 2114 |
| Message | This combined with your Budget proposal will lead to a deficit. We cannot allow this. |
| Date | 05:02:04, September 22, 2005 CET | From | NeoSocialist Party | To | Debating the Income tax proposal of July 2114 |
| Message | This bill should improve our revenue, but its main objective is to readress the taxation system, since more and more proposals are gradually being shifted from low-income to everybody. Previously the system was a proportional tax that increased of 5% each bracket. The first bracket was 311 QUA (5%) and then the next bracket (basically the double of the previous bracket) was 5% more. In our new taxation system the first bracket has been abolished, so anybody who earns less than 621QUA a month will not be taxed. The three following brackets received tax cuts, the first of 5%, the second of 7% and the third of of 8%. This should give our workers and our low level middle income employees more money to spend without losing any social service. The last two brackets received a tax increase since they were not counted as receiver of social security before. The first bracket, high-middle level income received a 5% tax increase. The Top-Rich segment of our population had an increase of 15%. We believe this system will prove efficient and egalitarian. The budget will increase of 6 billions, and I propose to add this 6 plus 4 more from our surplus to our spending. If any minister in the future cabinet would like a bigger, or smaller, budget please post here its ideas |
| Date | 05:03:47, September 22, 2005 CET | From | NeoSocialist Party | To | Debating the Income tax proposal of July 2114 |
| Message | Deficit? Please count better, this taxation will increase our revenues of 6 billions QUA. And we are already runnning a 15 billions QUA surplus a year |
| Date | 10:05:53, September 22, 2005 CET | From | Tudeh Party of Quanzar | To | Debating the Income tax proposal of July 2114 |
| Message | Agreed, of course. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||||
| yes | Total Seats: 142 | ||||
| no | Total Seats: 58 | ||||
| abstain | Total Seats: 51 |
| Random fact: When your party holds the foreign affairs department, you can create new treaties. However, before writing anything new, it is a good idea to search for existing treaties which already accomplish what you desire. |
| Random quote: "Popular suffrage is in itself no guarantee of freedom. People can vote themselves into slavery." - Frank Chodorov |