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Bill: Tax 2141
Details
Submitted by[?]: Txurruka/Aperribai/Mayoz's OPX
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: July 2141
Description[?]:
| The Liberal Libertarian Party propose to adjust the government's income tax policy to better address the economic situation of the Republica Baltusia. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 0
Proposed: 25
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 40
Current: 0
Proposed: 30
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 BLD | 15% | 122,430,000,000 BLD |
| > 30,000 BLD | 25% | 260,092,000,000 BLD |
| > 75,000 BLD | 40% | 71,612,000,000 BLD | Total | 454,134,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 00:55:23, November 15, 2005 CET | From |  Txurruka/Aperribai/Mayoz's OPX | To | Debating the Tax 2141 |
| Message | OOC: Now Ive been known to be wrong about the actual status of the balance but I think I have the calculations right. IC: This will give our economy a kick start again with a boost to potential consumer spending. |
| Date | 18:07:50, November 15, 2005 CET | From | Optimates Party | To | Debating the Tax 2141 |
| Message | i don't like increasing the Tax burdon on Business to kick start the econonmy. If you want a kick to the economy cut taxes on business, and lower the tax rate on the wealthy. less money taken by the government, more money to invest and spend. |
| Date | 19:02:50, November 15, 2005 CET | From | Revolutionary Socialist Alliance | To | Debating the Tax 2141 |
| Message | We have problems accepting article 3, so we reject this. |
| Date | 00:08:24, November 16, 2005 CET | From | Txurruka/Aperribai/Mayoz's OPX | To | Debating the Tax 2141 |
| Message | "i don't like increasing the Tax burdon on Business to kick start the econonmy. If you want a kick to the economy cut taxes on business, and lower the tax rate on the wealthy. less money taken by the government, more money to invest and spend." Firstly, I have cut income tax on the wealthy. Secondly, wealthy =/= venture capitalist. Wealth is not necessarily always invested and it is quite frequently spent on materialistic needs, hence the higher luxury tax. Thirdly, 25% is hardly a large burden on businesses (OOC: considering RL nations, like Australia, tax around 33%) and I agree that it wont help the economy but then, I never said it would. Ideally consumer products are now cheaper and people have more money to spend (since the income tax has been cut down likewise) so people will buy more stuff. This money goes through the corporations in profit and then both the greater amount of profit and the higher tax will ensure revenue stays above spending. "We have problems accepting article 3, so we reject this." You have problems accepting lower income taxes? Well, as a socialist I guess you feel that stealing people's money is fine and the more the better. |
| Date | 12:14:22, November 16, 2005 CET | From | Revolutionary Socialist Alliance | To | Debating the Tax 2141 |
| Message | "You have problems accepting lower income taxes? Well, as a socialist I guess you feel that stealing people's money is fine and the more the better." I have problems accepting lower income taxes for the insanely rich, yes? I see no jack up for those earning more than 100,000 BLD as before. Another wishy-washy proposal by a liberal party who doesn't seem to care for the lower class as much as the bourgeoisie and big business. And they claim they have a mandate from the people! |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 231 | |||||
| no | Total Seats: 102 | |||||
| abstain | Total Seats: 0 |
| Random fact: Party candidates for head of state elections are not visible to the public. This means that you cannot see who will run and who will not, which adds another strategic element to the elections. |
| Random quote: "Laws are like sausages, it is better not to see them being made" - Otto von Bismark |