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Bill: Income tax proposal of August 2835
Details
Submitted by[?]: Rutanian Restoration 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: July 2836
Description[?]:
| The Orange Party (RRC) propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. |
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 |
| > 1,000 RUT | 5% | 13,578,000,000 RUT | Total | 13,578,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 17:26:46, October 20, 2009 CET | From | Rutanian Restoration Party | To | Debating the Income tax proposal of August 2835 |
| Message | The Finance Ministry proposes a 5% income tax on anyone making above 1000 Rutas (taxing below that mark is just wrong) to pay for the new national healthcare system. The estimates I saw were 85 and 150 billion. This is just a small step to get us there. |
| Date | 17:36:33, October 20, 2009 CET | From | People's Party of Rutania | To | Debating the Income tax proposal of August 2835 |
| Message | Are the Finance Ministry confident that the new proposals can be budgeted for? The PPR estimate that the nationalised health care system alone may cost around 95 billion RUT. What of the Child Benefit? The PPR obviously will support this legislation but do require assurances that the nations finances are able to support these changes. |
| Date | 17:52:04, October 20, 2009 CET | From | Rutanian Restoration Party | To | Debating the Income tax proposal of August 2835 |
| Message | Well, the estimate for child benefit does increase this a good bit. The 85 billion (that's the rough estimate we acquired) for healthcare and then 25,000 Rutas per annum for child (estimate based on USA's new amount) that would put the child benefit (for low-income families) at about another 12 billion (that doesn't sound right my math may be off. I'm a history guy, give me a break haha) Either way this figure needs increasing. 7% (Didn't realize that the Child Benefit would pass.) |
| Date | 17:57:33, October 20, 2009 CET | From | Rutanian Restoration Party | To | Debating the Income tax proposal of August 2835 |
| Message | However, this will cover the budget for now. We can use a bit of our accumulated surplus, as we've estimated it to be over 7 trillion Rutas for the last century and a half. (There was a budget surplus of 25 billion when we first arrived in 2650, but I had no idea of the time frame there so didn't factor. Anyhow, you can easily put the estimate over 8 trillion if you wish.) Exact number: 7,770,000,000,000 |
| Date | 17:59:20, October 20, 2009 CET | From | United Democrats | To | Debating the Income tax proposal of August 2835 |
| Message | 25,000 Rutas per child? This seems quite high. |
| Date | 18:07:12, October 20, 2009 CET | From | Rutanian Restoration Party | To | Debating the Income tax proposal of August 2835 |
| Message | Well, in actuality, only 13,000 is used. Do you believe 13k to be too high a figure as well? Government benefits is uncharted territory for the OP Finance Ministry. |
| Date | 18:34:37, October 20, 2009 CET | From | United Democrats | To | Debating the Income tax proposal of August 2835 |
| Message | "Government benefits is uncharted territory for the OP Finance Ministry." Perhaps a change...? Anyway, our financial advisors have worked it out as - 4,800 Rutas per child, per year. |
| Date | 18:46:18, October 20, 2009 CET | From | United Democrats | To | Debating the Income tax proposal of August 2835 |
| Message | We have worked it out as: Estimated population of children under 16 in Rutania = 110,000,000 Estimated population of children under 16 in Rutania (low income) = 10,000,000 Benefit per child = 4,800RUT 4,800RUT x 10,000,000 = Overall Cost of Child Benefit = 48,000,000,000RUT This is a quick estimate based on many factors. |
| Date | 18:49:18, October 20, 2009 CET | From | United Democrats | To | Debating the Income tax proposal of August 2835 |
| Message | I made a typing error on that last post. It should be 1,100,000 children in low-income families. So total cost of child benefit = 5,280,000,000 |
| Date | 19:02:10, October 20, 2009 CET | From | Liberal Democratic Party | To | Debating the Income tax proposal of August 2835 |
| Message | Our figures show there is 3,700,000 children living in poverty but we accept the figure of 10,000,000 as including the number of children in low-incomes as well. 4,800RUT per child is 100RUT a week. We think this is too excessive. We propose changing that amount to 15RUT a week. This would make the overall cost of Child Benefit = 7,200,000,000. |
| Date | 19:16:14, October 20, 2009 CET | From | United Democrats | To | Debating the Income tax proposal of August 2835 |
| Message | After looking into the issues raised by the LDP and examining the issues of low-income families we have come to this conclusion: (revised) Number of children receiving benefit = 3,345,000 (revised) Benefit amount = 15RUT p/w = 720RUT per year. Total cost of Child Benefit = 720RUT x 3,345,000 = 2,408,400,000RUT per year |
| Date | 20:12:41, October 20, 2009 CET | From | People's Party of Rutania | To | Debating the Income tax proposal of August 2835 |
| Message | We are glad to see OP taking the necessary steps to incorporate the massive changes that are afoot. As they have pointed out, government benefits is an uncharted territory for ALL parties not just the OP. We suggest that each party have their own finance ministers look at the cost of Child benefit and return their conclusions to this board. The OP can use these figures as reference for their own calculations, as they hold the finance ministry post. We will offer our full support as this is not an easy time to hold this particular position. |
| Date | 00:20:29, October 21, 2009 CET | From | Rutanian Heritage Party | To | Debating the Income tax proposal of August 2835 |
| Message | We oppose this tax increase, as we fundamentally oppose what the resulting tax-revenue will be used for. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 197 | ||||
| no | Total Seats: 67 | ||||
| abstain |
Total Seats: 41 |
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