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Bill: Gov.0097.2712 Axing the Taxes
Details
Submitted by[?]: Central Union of Trade and Economy
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 2712
Description[?]:
| The Central Union of Trade and Economy propose to adjust the government's income tax policy to better address the economic situation of the Federal Commonwealth of Sekowo. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 17
Proposed: 20
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 |
| > 5,000 SEK | 5% | 5,680,000,000 SEK |
| > 10,000 SEK | 10% | 9,759,000,000 SEK |
| > 15,000 SEK | 13% | 7,667,000,000 SEK |
| > 20,000 SEK | 18% | 9,540,000,000 SEK |
| > 25,000 SEK | 18% | 8,199,000,000 SEK |
| > 30,000 SEK | 23% | 9,268,000,000 SEK |
| > 35,000 SEK | 27% | 7,113,000,000 SEK |
| > 40,000 SEK | 27% | 5,000,000,000 SEK |
| > 45,000 SEK | 32% | 5,453,000,000 SEK |
| > 50,000 SEK | 32% | 5,453,000,000 SEK |
| > 55,000 SEK | 32% | 3,586,000,000 SEK |
| > 60,000 SEK | 36% | 2,041,000,000 SEK |
| > 65,000 SEK | 36% | 1,454,000,000 SEK |
| > 70,000 SEK | 36% | 1,600,000,000 SEK | Total | 81,813,000,000 SEK |
Debate
These messages have been posted to debate on this bill:
| Date | 18:30:04, February 15, 2009 CET | From | Central Union of Trade and Economy | To | Debating the Gov.0097.2712 Axing the Taxes |
| Message | We believe the current taxation system does not encourage people to work harder as for the increasing taxation percentage. While we support progressive taxation, changes need to be made to make aiming for better education and through it, higher salary more benefitable for the individual. In corporate taxation, we aim to remove it completely someday to increase Sekowo's position as one of the top nations for creating and harbouring national and international corporations. For now, a drop of 10% is enough. |
| Date | 22:48:39, February 15, 2009 CET | From | Conservative Party | To | Debating the Gov.0097.2712 Axing the Taxes |
| Message | Tax break for everyone! Wonderful. |
| Date | 12:07:49, February 16, 2009 CET | From | 帝国公明党 (Teikoku Kōmeitō) | To | Debating the Gov.0097.2712 Axing the Taxes |
| Message | We are vehemently against. Corp[roations must be encouraged to not exist and we don't support taxing anyone who makes less than 7,000 a year. |
| Date | 12:11:43, February 16, 2009 CET | From | Central Union of Trade and Economy | To | Debating the Gov.0097.2712 Axing the Taxes |
| Message | We are proposing to make cuts to the already existing taxes for people who earn under 7,000. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 306 | |||
| no |
Total Seats: 150 | |||
| abstain |
Total Seats: 144 |
| Random fact: Jelbic = "Group of cultures with an overall Central Asian/Eurasian steppe theme, using a fictional language developed specifically for Particracy". |
| Random quote: "An independent is someone who wants to take the politics out of politics." - Adlai Stevenson |