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Bill: Income tax proposal of February 2629
Details
Submitted by[?]: Wiedervereinigten Nationalisten
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: October 2629
Description[?]:
| The Hulstrian Nationalist Party propose to adjust the government's income tax policy to better address the economic situation of the Imperial Crownlands of Greater Hulstria. |
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 |
| > 1,500 HCR | 24% | 627,977,000,000 HCR | Total | 627,977,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
| Date | 01:12:58, August 30, 2008 CET | From |  Wiedervereinigten Nationalisten | To | Debating the Income tax proposal of February 2629 |
| Message | “In light of the passage of my last budget proposal by the Imperial Diet, I have proposed a few slight alterations to the current Imperial tax code. Under this new proposal, government wastage will be slashed from 110,284,518,728 HCR and brought down to 48,000,000 HCR, which is still a very respectable surplus. The income tax level will be reduced for all taxpayers from 25% to 24%, thanks to the introduction of a flat tax system under the General Taxation Amendment Act 2628. Additionally, a tax threshold has been restored and increased to 150% of the levels under the pre-GTAA budget; individuals who earn less than 1,500 HCR will be exempt from income taxation.” -Nicolaas van der Burgh Minister of Finance DM for Hennersdam Centre |
| Date | 05:42:16, August 30, 2008 CET | From | Wiedervereinigten Nationalisten | To | Debating the Income tax proposal of February 2629 |
| Message | *1500% |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 489 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 161 |
| Random fact: Real-life organisations should not be referenced in Particracy, unless they are simple and generic (eg. "National Organisation for Women" is allowed). |
| Random quote: "By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." - John Maynard Keynes |