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Bill: Income tax proposal of December 2932
Details
Submitted by[?]: Hutorian Conservative 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: August 2933
Description[?]:
| The Hutori National Party propose to adjust the government's income tax policy to better address the economic situation of the Free 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 |
| > 26,000 HLR | 10% | 50,905,000,000 HLR |
| > 45,000 HLR | 12% | 27,389,000,000 HLR |
| > 60,000 HLR | 16% | 16,317,000,000 HLR |
| > 70,000 HLR | 25% | 34,609,000,000 HLR |
| > 100,000 HLR | 50% | 9,287,000,000 HLR | Total | 138,507,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 20:23:16, May 03, 2010 CET | From | Hutorian Conservative Party | To | Debating the Income tax proposal of December 2932 |
| Message | Finance Minister Gene Hunt MP : Mr Speaker, the tax policy has been altered so that the rich are taxed 50% of their income. This higher tax rate for the wealthy enables us to limit the increasing gulf between the richest and poorest in our society. This will make our society better for the working class and the money taken from the rich can be used to benefit this nation of Hutori. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 245 | ||
| no | Total Seats: 146 | ||
| abstain | Total Seats: 0 |
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