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Bill: Tax proposal of March 2973
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 not pass any sooner than the deadline.
Voting deadline: November 2973
Description[?]:
| The Conservative-Libertarian Party (UM) propose to adjust the government's tax policy to better address the economic situation of the Most Excellent and Serene Kingdom of Hutori. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 9
Proposed: 10
Article 2
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 |
| > 20,000 HLR | 10% | 76,824,000,000 HLR |
| > 45,000 HLR | 25% | 57,164,000,000 HLR |
| > 60,000 HLR | 35% | 48,357,000,000 HLR |
| > 75,000 HLR | 45% | 54,629,000,000 HLR | Total | 236,974,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 11:24:00, July 23, 2010 CET | From |  Conservative-Libertarian Party (UM) | To | Debating the Tax proposal of March 2973 |
| Message | Rt Hon Derek Fry MP, Finance Secretary: Mr Speaker, this tax plan will benefit every single Hutorian in this country. We will take millions more people out of paying income tax altogether, by raising the lower threshold to 20,000 HLR. Every band shall see a cut in tax, the only exception being those between 75,000 and 100,000. Mr Speaker, the cut in the highest income tax band was essential. For the government to take half or over half of an individual's income is immoral, and will not lead to the benefits that predictions and statistics would have us believe. In fact, Mr Speaker, by abolishing the highest tax band, there is hardly any difference in the income whatsoever. Mr Speaker, the cut in corporation tax will allow our modern, capitalist economy to flourish. It will ensure that the working people can benefit from lower prices and companies investing in quality rather than tax. Mr Speaker, all Hutorians will benefit from this tax plan, and will make us a more prosperous country all round. |
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Voting
| Vote | Seats | |
| yes | Total Seats: 199 | |
| no | Total Seats: 192 | |
| abstain | Total Seats: 0 |
| Random fact: Moderation will not approve a Cultural Protocol request within the first 48 hours of it being requested. This is in order to give other players a chance to query the proposed changes, if they wish to do so. Moderation may be approached for advice on a proposed change, but any advice proffered should always be understood under the provisio that no final decision will be made until at least 48 hours after the request has been formally submitted for approval. |
| Random quote: "For every action there is an equal and opposite government program." - Bob Wells |