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Bill: Income tax proposal of June 2131
Details
Submitted by[?]: Militant Socialist 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: February 2132
Description[?]:
| The Socialist Revolutionaries propose to adjust the government's income tax policy to better address the economic situation of the Beluzian Republic. |
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 |
| > 601 BEL | 5% | 1,699,000,000 BEL |
| > 1,203 BEL | 8% | 8,145,000,000 BEL |
| > 3,007 BEL | 10% | 16,964,000,000 BEL |
| > 6,013 BEL | 17% | 55,662,000,000 BEL |
| > 12,026 BEL | 25% | 95,915,000,000 BEL |
| > 24,053 BEL | 30% | 23,298,000,000 BEL |
| > 30,000 BEL | 50% | 32,026,000,000 BEL |
| > 40,000 BEL | 60% | 17,974,000,000 BEL |
| > 50,000 BEL | 70% | 8,281,000,000 BEL | Total | 259,964,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 18:13:53, October 26, 2005 CET | From | People's Populist Party - Zogist Mafia | To | Debating the Income tax proposal of June 2131 |
| Message | There should be no income tax |
| Date | 18:45:14, October 26, 2005 CET | From | Partisans And Artisans League | To | Debating the Income tax proposal of June 2131 |
| Message | all you need is two tax brackets high and low. Low at 10% and high at 15% This would generate enough money (for a PAL Beluzia) and would make everyone happy. You will get moremoney out of rich people if they think it is worth working. If I was getting taxed at 70% I would just go down to fewer days. You are driving down productivity and ruining Beluzia! |
| Date | 20:21:20, October 26, 2005 CET | From | Militant Socialist Party | To | Debating the Income tax proposal of June 2131 |
| Message | Haha, income tax at 15% for high bracket! Look, I would like to put income tax as low as possible, but the national budget is in a right state. I'm already cutting spending. I plan to cut taxes in the future, but the money has to come from somewhere to replace the funds- from nationalised industries. But will you accept this? Of course not. |
| Date | 20:59:31, October 26, 2005 CET | From | People's Populist Party - Zogist Mafia | To | Debating the Income tax proposal of June 2131 |
| Message | I don't mind taxes for the rich, but they should come from a high luxury tax, not from income. Tax is a punishment, and we shouldn't punish working! |
| Date | 00:34:36, October 27, 2005 CET | From | Conservative Party | To | Debating the Income tax proposal of June 2131 |
| Message | Unbelievable! This is even to radical for socialists. |
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Voting
| Vote | Seats | |||||||
| yes |
Total Seats: 102 | |||||||
| no |
Total Seats: 298 | |||||||
| abstain | Total Seats: 0 |
| Random fact: You can view helpful ideological statistics about the regions in your nation on the region pages. You can also view detailed political opinions and the importance of them there as well. |
| Random quote: "It is never too late to give up our prejudices." - Henry David Thoreau |