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Bill: Income tax proposal of October 2637
Details
Submitted by[?]: Classical Liberal 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: June 2638
Description[?]:
| The Conservative Party propose to adjust the government's income tax policy to better address the economic situation of the Second Imperial Republic of Hobrazia. |
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 |
| > 20,000 HCR | 14% | 102,977,000,000 HCR |
| > 40,000 HCR | 29% | 99,363,000,000 HCR |
| > 60,000 HCR | 48% | 139,732,000,000 HCR | Total | 342,072,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
| Date | 09:05:14, September 16, 2008 CET | From | Classical Liberal Party | To | Debating the Income tax proposal of October 2637 |
| Message | The Treasury has a current surplus of 43,522,837,342 HCR, which means we only need to raise 754,301,162,658 HCR in revenue, and as the current tax of 54% on wealthier citizens is quite plainly extortionate, we Conservatives propose to reduce the tax on these citizens by 6%. We do not believe it is fair (with such an ample surplus) to continue taxing successful capitalists at such a rate that the Government takes more of what they earn than they do! The (approximately) 4 billion HCR left could possibly be spent on other departments, as the money is not sufficient to provide for more tax cuts. |
| Date | 11:12:51, September 16, 2008 CET | From | We Say So! Party | To | Debating the Income tax proposal of October 2637 |
| Message | We would prefer that any tax cuts be made at the lower end of the taxable spectrum as this would provide tax cuts for all members of our citizenry rather than just the wealthy. Moreover, to state that the government takes more money than they earn is plainly ridiculous as they still receive a 54% taxation only on the income above 60,000HCR but only receive tax of 29% on the previous 20,000HCR. We would also prefer that a new budget be drawn up before additional tax cuts be made, and then that money subsequently surplus be used to provide for those additional tax cuts that would then be available. |
| Date | 22:28:06, September 16, 2008 CET | From | National Imperial Hobrazian Front | To | Debating the Income tax proposal of October 2637 |
| Message | Agreed with WSS! |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 72 | |||||
| no |
Total Seats: 248 | |||||
| abstain | Total Seats: 80 |
| Random fact: "Treaty-locking", or ratifiying treaties that completely or nearly completely forbid any proposals to change laws, is not allowed. Amongst other possible sanctions, Moderation reserves the discretion to delete treaties and/or subject parties to a seat reset if this is necessary in order to reverse a treaty-lock situation. |
| Random quote: "Many forms of Government have been tried, and will be tried in this world of sin and woe. No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of government except all those other forms that have been tried from time to time." - Winston Churchill |