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Bill: Income tax proposal of May 2902
Details
Submitted by[?]: Conservative-Libertarian Party (UM)
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: January 2903
Description[?]:
| The Conservative-Libertarian Party (UM) propose to adjust the government's income tax policy to better address the economic situation of the Most Excellent and Serene Kingdom of Hutori. |
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 |
| > 25,000 HLR | 12% | 53,803,000,000 HLR |
| > 40,000 HLR | 15% | 49,224,000,000 HLR |
| > 60,000 HLR | 22% | 56,977,000,000 HLR | Total | 160,004,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 10:26:23, March 03, 2010 CET | From | Conservative-Libertarian Party (UM) | To | Debating the Income tax proposal of May 2902 |
| Message | Rt Hon Margaret Moore MP, Finance Secretary: Madam Speaker, I am delighted to come to this House today to announce the budget that shall be employed by the first ever United Movement Cabinet. Madam Speaker, this tax proposal shall better address the financial situation of Hutori today. Madam Speaker, I am delighted to announce that this budget will decrease the amount of revenue that is taken by the tax collector. It is healthy, Madam Speaker, for the state to trust people with their own money. Madam Speaker, this tax proposal will ensure that all those earning under 25,000HLR will be exempt from income tax. I am sure all will agree, Madam Speaker, that this will benefit the poorest in our society by allowing them further freedom with the money in their pockets. Furthermore, Madam Speaker, the 22% tax band is raised to those earning over 60,000HLR with a new tax band being created for those earning between 40,000 and 60,000. Madam Speaker, a gradual progression like this will encourage aspiration and not put people off reaching for the lofty heights of income. Madam Speaker, no person in Hutori shall have more than 22% of their income going directly to state coffers, continuing the low tax tradition that has been prevalent in Hutori over the decades. Madam Speaker, I commend this budget to the House. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 197 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 194 |
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