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Bill: Revenue Bill (2702)
Details
Submitted by[?]: Liberaldemokratische Allianz
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: December 2702
Description[?]:
The Christian Liberal 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 |
> 20,000 HCR | 15% | 108,683,000,000 HCR |
> 37,500 HCR | 30% | 250,397,000,000 HCR | Total | 359,080,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
Date | 09:49:20, January 26, 2009 CET | From | Liberaldemokratische Allianz | To | Debating the Revenue Bill (2702) |
Message | This tax cut will reduce collected income taxes by nearly 27 billion crowns. Ordinary citizens will have keep more of their own money in their pockets and will spend and save more money, thus helping to further increase GDP growth. This is a companion bill to the Appropriations Bill (2702): http://classic.particracy.net/viewbill.php?billid=237789 |
Date | 12:57:05, January 26, 2009 CET | From | Konstitutionelle Monarchie Partei | To | Debating the Revenue Bill (2702) |
Message | Over the years the tax system has gone through considerable slashes and has shrinked but for what? Last time taxes were cut/brackets elimated, it actually decreased GDP growth for a good decade. It was only until budget spending provisions did it jump up 100+billion crowns. Obviously people take keep "money in their pockets at heart" and are not spending or putting it into banks. The tax system now is fine and not a burden; in some other nations where they tax people in the 1,000 tax brackets for 10% is a burden. |
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Voting
Vote | Seats | ||
yes | Total Seats: 370 | ||
no | Total Seats: 248 | ||
abstain | Total Seats: 0 |
Random fact: Any RP law granting extraordinary "emergency powers" or dictator-like powers to a government must be passed by at least a 2/3rds majority, but (like all RP laws) may always be overturned by a simple majority vote of the legislature. |
Random quote: "We're the first society in history with the option of living in a world without poverty. The fact poverty still exist says more about our political leaders than I can." - Clint Borgen |