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Bill: Income tax proposal of November 3062
Details
Submitted by[?]: Democratic Catholic 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: July 3063
Description[?]:
| The Future, Hope & Engagement propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Solentia. |
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 |
| > 12,000 SOL | 7% | 8,487,000,000 SOL |
| > 14,150 SOL | 17% | 119,703,000,000 SOL |
| > 28,300 SOL | 29% | 144,135,000,000 SOL |
| > 42,450 SOL | 35% | 112,295,000,000 SOL |
| > 56,600 SOL | 41% | 83,196,000,000 SOL |
| > 70,750 SOL | 46% | 76,099,000,000 SOL |
| > 84,900 SOL | 50% | 65,213,000,000 SOL |
| > 99,050 SOL | 52% | 80,151,000,000 SOL | Total | 689,279,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 20:16:08, January 18, 2011 CET | From |  Democratic Catholic Party | To | Debating the Income tax proposal of November 3062 |
| Message | "With this change, the FHE proposes to reduce taxes for families and taxpayers in financial difficulties. With this cut the national budget increased from 6,565,104,846,382 to 6,437,562,000,000 SOL SOL of income, while maintaining the balance with the spending. There seemed right to redistribute 126,022,902,757 SOL annual surplus to the people. Who can vote "NO"at least explain how to redistribute this money, otherwise it goes against the citizens and the common good. " Velio Maggiorelli - candidate for Finance of the FHE Party |
| Date | 20:16:15, January 18, 2011 CET | From | Coalition for National Unity [CNU] | To | Debating the Income tax proposal of November 3062 |
| Message | "A step in the right direction, if a little misguided." Benjamin, Lord Byran Shadow Finance Secretary Former Finance Secretary, Justice Secretary and Defence Secretary |
| Date | 20:32:40, January 18, 2011 CET | From | Conservative Party of Solentia | To | Debating the Income tax proposal of November 3062 |
| Message | "The CPS has no qualms with eliminating surplus in efforts to return earned money to the citizenry. We, in fact, support a further reduction of the income tax, to be made up for by a rise in luxury sales tax. The luxury sales tax has the potential to provide a vast sum of revenue to the government, and is only inflicted upon the citizens of this nation when they consume, rather than as a punishment for working." Julie Meadows, CPS Spokesman for Finance |
| Date | 21:50:43, January 18, 2011 CET | From | Meritocratic Alliance | To | Debating the Income tax proposal of November 3062 |
| Message | 52% Over half a man's earnings robbed of him and for what? For this bogus Halion government. I think not. |
| Date | 22:26:22, January 18, 2011 CET | From | Conservative Party of Solentia | To | Debating the Income tax proposal of November 3062 |
| Message | "Once again the Whigs are obstructionist. The proposed bracket changes one bracket, lowers it even, from the existing bracket, and the Whigs would rather stay locked into a wasteful tax scheme then to support one which does away with that waste." Julie Meadows |
| Date | 23:09:34, January 18, 2011 CET | From | Coalition for National Unity [CNU] | To | Debating the Income tax proposal of November 3062 |
| Message | "The Unionist Party agrees fully that 52% is an outrageous and undemocratic tax bracket, however as this bill does not create such a model (it merely does not seek to remove it) and elevates some further out of poverty, we support with clean conscience. We urge our friends in Regent Swindon's Party to follow suit." Benjamin, Lord Byran |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 244 | ||||
| no | Total Seats: 67 | ||||
| abstain |
Total Seats: 114 |
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