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Bill: Income tax proposal of October 2896
Details
Submitted by[?]: Liberal-Royalist 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: June 2897
Description[?]:
| The Liberal-Royalist Party propose to adjust the government's income tax policy to better address the economic situation of the Kingdom of Endralon. |
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 |
| > 500 END | 7% | 2,048,000,000 END |
| > 1,000 END | 10% | 5,850,000,000 END |
| > 2,000 END | 14% | 8,190,000,000 END |
| > 3,000 END | 18% | 15,796,000,000 END |
| > 4,500 END | 22% | 18,778,000,000 END |
| > 6,000 END | 26% | 23,579,000,000 END |
| > 8,000 END | 30% | 19,301,000,000 END |
| > 10,000 END | 36% | 18,884,000,000 END |
| > 12,500 END | 42% | 14,428,000,000 END |
| > 15,000 END | 46% | 13,050,000,000 END |
| > 17,500 END | 48% | 10,710,000,000 END |
| > 20,000 END | 52% | 8,368,000,000 END |
| > 22,500 END | 55% | 5,134,000,000 END |
| > 25,000 END | 58% | 9,386,000,000 END |
| > 30,000 END | 60% | 5,273,000,000 END | Total | 178,775,000,000 END |
Debate
These messages have been posted to debate on this bill:
| Date | 07:55:11, February 20, 2010 CET | From | Liberal-Royalist Party | To | Debating the Income tax proposal of October 2896 |
| Message | The citizens of Endralon are overtaxed. Our current income tax brackets are: >1----- 40% >10000 ----- 50% >20000 ----- 65% >25000 ----- 85% Bringing in a total of 1.546 trillion Endrals per year. We propose readjusting the tax system by adding more brackets which are properly spaced apart in order to fairly tax the incomes of our citizens. In approving this bill, we will reduce the amount that we tax our citizens by over 650 billion Endrals, allowing them more freedom to spend their money as they wish. Our total tax revenues, including sales tax, corporate tax and income tax will then be 1.217 trillion Endrals per year, which will be on par with our current government budget of 1.200 trillion Endrals, leaving a small surplus each year for future investments. We urge all parties to vote in favor of this bill because it allows our citizens to keep more of their household incomes and feel more confidently about spending, thus stimulating consumption and our economy. Geoffrey DeCann Minister of Finance Liberal-Royalist Party |
| Date | 23:44:50, February 20, 2010 CET | From | ƒortenohƒiv (ACN) | To | Debating the Income tax proposal of October 2896 |
| Message | I do not want to sound condescending, but the higher taxes allow for higher spending and a surplus in case of an emergency, both of which lead to the greater common good. ^_^ |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 148 | ||||
| no |
Total Seats: 153 | ||||
| abstain | Total Seats: 0 |
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