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Bill: Income tax proposal of March 2959
Details
Submitted by[?]: Walruzyjska Partia Libertariańska
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: November 2961
Description[?]:
| The Valruzian Libertarian Party propose to adjust the government's income tax policy to better address the economic situation of the Valruzian Federation. Our nation is abusing our taxpayers by continually stealing a a large amount of their income and distrubuting it ot others. In my books that is just plain wrong. I understand that the government must have a source of income, but atleast we can make the loss a lot smaller. |
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 |
| > 10,000 VPO | 7% | 60,778,000,000 VPO |
| > 30,000 VPO | 17% | 51,036,000,000 VPO |
| > 50,000 VPO | 28% | 32,764,000,000 VPO |
| > 70,000 VPO | 39% | 15,903,000,000 VPO |
| > 90,000 VPO | 49% | 5,852,000,000 VPO |
| > 100,000 VPO | 53% | 3,040,000,000 VPO | Total | 169,373,000,000 VPO |
Debate
These messages have been posted to debate on this bill:
| Date | 14:58:43, June 25, 2010 CET | From |  Socialist Progress & Reform Front | To | Debating the Income tax proposal of March 2959 |
| Message | If this proposal is aproved there will be a budget deficit... The government need money to their social programs and all their necessary expenses!!! I opose this bill... |
| Date | 00:56:01, June 26, 2010 CET | From | Walruzyjska Partia Libertariańska | To | Debating the Income tax proposal of March 2959 |
| Message | If this proposal does pass then we must pass the redced budget bill i have set forth. |
| Date | 13:29:34, June 26, 2010 CET | From | Socialist Progress & Reform Front | To | Debating the Income tax proposal of March 2959 |
| Message | No... With your new budget there will be 1 more digit of deficit... |
| Date | 21:52:39, June 26, 2010 CET | From | Walruzyjska Partia Libertariańska | To | Debating the Income tax proposal of March 2959 |
| Message | Actually i just did the math we would have a budget surplus of $2769652870. Maybe you did your math wrong. |
| Date | 22:02:13, June 26, 2010 CET | From | Socialist Progress & Reform Front | To | Debating the Income tax proposal of March 2959 |
| Message | I don't have the will to make the math again,,,, But even if you are rigth, that is completly unnecessary... It is more important to suport the ones with few money... Just an opinion |
| Date | 04:41:33, June 30, 2010 CET | From | National Liberal League | To | Debating the Income tax proposal of March 2959 |
| Message | CDPP, the income tax isn't our only source of revenue. We also have the sales tax. The tax burden change isn't bad, but it could be a bit less harsh on both higher incomes and should really allow the lowest income bracket to pay an especially minimum proportion. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 219 | ||||
| no | Total Seats: 101 | ||||
| abstain | Total Seats: 55 |
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