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Bill: Income tax proposal of November 3030
Details
Submitted by[?]: Dorvikische Volkspartei
Status[?]: defeated
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: July 3031
Description[?]:
| The Green Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the People's Republic of Dorvik. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 10
Proposed: 100
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 40
Current: 30
Proposed: 50
Article 3
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 |
| > 15,000 DDO | 5% | 18,593,000,000 DDO |
| > 25,000 DDO | 10% | 17,911,000,000 DDO |
| > 35,000 DDO | 15% | 14,136,000,000 DDO |
| > 45,000 DDO | 25% | 14,707,000,000 DDO |
| > 55,000 DDO | 35% | 12,733,000,000 DDO |
| > 65,000 DDO | 45% | 6,854,000,000 DDO |
| > 75,000 DDO | 50% | 1,475,000,000 DDO |
| > 80,000 DDO | 51% | 657,000,000 DDO | Total | 87,066,000,000 DDO |
Debate
These messages have been posted to debate on this bill:
| Date | 23:52:22, November 15, 2010 CET | From | Dorvikische Volkspartei | To | Debating the Income tax proposal of November 3030 |
| Message | This would mean the poorest people would be tax free, and also puts the burden on the rich instead of the poor. |
| Date | 23:54:18, November 15, 2010 CET | From | Dorvikische Volkspartei | To | Debating the Income tax proposal of November 3030 |
| Message | And to the CPU which will question the economic rebalancing: the budget is a disgrace anyway and needs reforming. |
| Date | 01:20:51, November 16, 2010 CET | From | . | To | Debating the Income tax proposal of November 3030 |
| Message | A 100% rate of corporation tax is ridiculous, and takes away any incentive at all for anybody to engage in private enterprise. The income tax reform is also gravely irresponsible, and will reduce income tax revenue from 2,043,644,840,011 DDO to 529,125,000,000 DDO. This will leave the government with a gargantuan budget deficit. |
| Date | 09:56:06, November 16, 2010 CET | From | Dorvikische Volkspartei | To | Debating the Income tax proposal of November 3030 |
| Message | As predicted. The budget isn't balanced anyway.. how can the government possibly contribute over 30% of our GDP? Thats wrong. |
| Date | 17:40:04, November 16, 2010 CET | From | . | To | Debating the Income tax proposal of November 3030 |
| Message | OOC: In Dorvik, government expenditure is 2,752,200,000,000 DDO, which represents 32.62% of our GDP. If this passes, then without a reduction in government spending, we will have a humongous budget deficit!!! |
| Date | 22:06:30, November 16, 2010 CET | From | Dorvikische Volkspartei | To | Debating the Income tax proposal of November 3030 |
| Message | Which is exactly why we'll propose a new budget if this passes.. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 167 | ||
| no |
Total Seats: 209 | ||
| abstain | Total Seats: 124 |
| Random fact: "OOC", "IC" and "IG" are commonly-used acronyms in Particracy. "OOC" refers to comments, discussions and actions which are out-of-character, meaning they are done player-to-player rather than party-to-party. "IC" refers to in-character interactions (ie. party-to-party). Similarly, "IG" means in-game, although this term may also simply refer to what happens in the actual game interface, as opposed to on the forum or elsewhere. "RP" just means "role-play". |
| 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 |