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Bill: Income tax proposal of October 2902
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 2903
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 |
| > 3,000 END | 18% | 15,772,000,000 END |
| > 4,500 END | 22% | 18,750,000,000 END |
| > 6,000 END | 26% | 23,545,000,000 END |
| > 8,000 END | 30% | 19,277,000,000 END |
| > 10,000 END | 36% | 18,869,000,000 END |
| > 12,500 END | 42% | 14,424,000,000 END |
| > 15,000 END | 46% | 13,050,000,000 END |
| > 17,500 END | 48% | 10,704,000,000 END |
| > 20,000 END | 52% | 8,365,000,000 END |
| > 22,500 END | 55% | 5,134,000,000 END |
| > 25,000 END | 58% | 9,390,000,000 END |
| > 30,000 END | 60% | 5,278,000,000 END | Total | 162,558,000,000 END |
Debate
These messages have been posted to debate on this bill:
| Date | 05:01:06, March 04, 2010 CET | From |  Liberal-Royalist Party | To | Debating the Income tax proposal of October 2902 |
| Message | We propose to eliminate the lowest three tax brackets in order to benefit the least privileged in our nation. The brackets we suggest eliminating include: >500 END ----- 7% >1000 END ----- 10% >2000 END ----- 14% This will reduce tax revenues by 82.483 billion Endrals annually, however even if the bill "Restructuring Our Economy" passes, we will still have a surplus of around 40 billion Endrals for the first year, and likely more the following years. Geoffrey DeCann Minister of Finance Liberal-Royalist Party |
| Date | 12:20:20, March 04, 2010 CET | From | Humanist Alliance | To | Debating the Income tax proposal of October 2902 |
| Message | I'm going to appoint you Ministry of Finance in one Cabinet. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 142 | |||||
| no |
Total Seats: 71 | |||||
| abstain |
Total Seats: 88 |
| Random fact: Whilst the use of non-English languages can be appropriate for nation names, party names, constitutional titles and other variables, English is the official language of communication in the game. All descriptive texts and public communications should be in English or at least appear alongside a full English translation. |
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