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Bill: Income tax proposal of November 2905
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: July 2906
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 | 10% | 54,882,000,000 HLR |
| > 45,000 HLR | 15% | 34,270,000,000 HLR |
| > 60,000 HLR | 20% | 51,887,000,000 HLR | Total | 141,039,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 11:19:43, March 10, 2010 CET | From | Conservative-Libertarian Party (UM) | To | Debating the Income tax proposal of November 2905 |
| Message | Rt Hon Margaret Moore MP, Finance Secretary: Madam Speaker, this tax proposal will ensure that our lowest earners are tax exempt. It will cut 2% of the lower and higher rates of income tax whilst the middle band shall stay the same. However, Madam Speaker, the threshold for the middle rate shall be increased by 5,000 HLR, meaning that millions more workers shall fall into the lower band. Madam Speaker, this tax proposal shall ensure that individuals get to keep more of their money, it shall make the tax bands properly progressive, and it shall continue to encourage aspiration. I commend this proposal to the House. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 311 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 80 |
| Random fact: The players in a nation have a collective responsibility to prevent confusion by ensuring unofficial or outdated bills labelled as "Cultural Protocols" are removed from their nation page. |
| Random quote: "I bet their mothers don't love them. Many Trigunian women are so cold. I mean it's a racist hellhole in parts." - Tirza Sommer, former Dorvish politician |