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Bill: Income tax proposal of June 2668
Details
Submitted by[?]: Surprise 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 not pass any sooner than the deadline.
Voting deadline: November 2669
Description[?]:
The Surprise Party propose to adjust the government's income tax policy to better address the economic situation of the Darnussian Democratic Republic. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 4
Current: 10
Proposed: 3
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 |
> 15,000 DAR | 2% | 9,907,000,000 DAR |
> 25,000 DAR | 4% | 33,703,000,000 DAR |
> 60,000 DAR | 7% | 17,460,000,000 DAR |
> 100,000 DAR | 8% | 160,000,000 DAR | Total | 61,230,000,000 DAR |
Debate
These messages have been posted to debate on this bill:
Date | 05:51:34, November 20, 2008 CET | From | Surprise Party | To | Debating the Income tax proposal of June 2668 |
Message | It turns out that adding the 8% bracket doesn't actually add much revenue, so I'm not too concerned with the offset after all... |
Date | 05:54:52, November 20, 2008 CET | From | Surprise Party | To | Debating the Income tax proposal of June 2668 |
Message | In order to further soften the burden of the tax code on the poor and middle classes, I propose lowering the essential goods sales tax to 3%, which should cost the budget approximately 30 billion of the projected 100 billion budget surplus. The reduction proposed by the DLLP in the luxury tax rate should consume most of the rest of the budget surplus, giving us an overall balanced budget - but we'll trim the defense budget a bit if it goes over. |
Date | 21:28:41, November 20, 2008 CET | From | Darnussian Justice Party | To | Debating the Income tax proposal of June 2668 |
Message | i guess this is reasonable |
Date | 11:28:49, November 21, 2008 CET | From | Peoples Choise Union | To | Debating the Income tax proposal of June 2668 |
Message | Sounds good to me! |
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Voting
Vote | Seats | |||
yes |
Total Seats: 599 | |||
no | Total Seats: 0 | |||
abstain | Total Seats: 0 |
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