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Bill: Income tax proposal of August 2897
Details
Submitted by[?]: Liberal-Royalist 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: April 2898
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% | 2,041,000,000 END |
| > 1,000 END | 10% | 5,833,000,000 END |
| > 2,000 END | 14% | 8,166,000,000 END |
| > 3,000 END | 18% | 15,748,000,000 END |
| > 4,500 END | 22% | 18,721,000,000 END |
| > 6,000 END | 26% | 23,509,000,000 END |
| > 8,000 END | 30% | 19,244,000,000 END |
| > 10,000 END | 36% | 18,831,000,000 END |
| > 12,500 END | 42% | 14,391,000,000 END |
| > 15,000 END | 46% | 13,016,000,000 END |
| > 17,500 END | 48% | 10,680,000,000 END |
| > 20,000 END | 52% | 8,345,000,000 END |
| > 22,500 END | 55% | 5,120,000,000 END |
| > 25,000 END | 58% | 9,362,000,000 END |
| > 30,000 END | 60% | 5,259,000,000 END | Total | 178,266,000,000 END |
Debate
These messages have been posted to debate on this bill:
| Date | 23:54:11, February 21, 2010 CET | From |  Liberal-Royalist Party | To | Debating the Income tax proposal of August 2897 |
| Message | I think this time around there is finally enough political will, if the Capitalist Hope Party and Astur-Endralonian Party of Hope continue to support this bill, to decrease our crippling income tax rates for the good of our citizens. The Fortenohfive Party pointed out last time that higher tax rates allow for higher spending and a larger surplus, which supposedly leads to the greater good. I believe that by allowing our citizens to finally afford what they need and what they want, we work towards the greater good. I'm not sure what kind of emergency the Fortenohfive Party is predicting which will require an annual surplus of 667 billion Endrals, and I'm not sure I want to find out. We've already had two consecutive years of a 667 billion Endrals surplus and about 200 billion annual surplus since 2881. Why not let consumer spending reinvigorate our economy if all we are doing is hoarding a total of 4.134 trillion Endrals for a rainy day? Calvin Henry Leader of the Liberal-Royalist Party |
| Date | 23:59:26, February 21, 2010 CET | From | Humanist Alliance | To | Debating the Income tax proposal of August 2897 |
| Message | We still have a large surplus. I will only support this bill if the Goverment increases the spending on Education, Culture and Infrastructures. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 165 | |||||
| no |
Total Seats: 47 | |||||
| abstain |
Total Seats: 89 |
| Random fact: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "If you have an apple, and I have an apple, and we exchange the apples, then you and I will still each have one apple. But if you have an idea, and I have an idea, and we exchange these ideas, then each of us will have two ideas." - George Bernard Shaw |