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Bill: Income tax proposal of July 3097
Details
Submitted by[?]: Highazhell 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 3098
Description[?]:
The Highazhell Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Rutania. |
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 |
> 500 RUT | 5% | 713,000,000 RUT |
> 750 RUT | 8% | 1,142,000,000 RUT |
> 1,000 RUT | 13% | 3,710,000,000 RUT |
> 1,500 RUT | 15% | 4,281,000,000 RUT |
> 2,000 RUT | 18% | 5,014,000,000 RUT |
> 2,500 RUT | 22% | 5,723,000,000 RUT |
> 3,000 RUT | 27% | 11,861,000,000 RUT |
> 4,000 RUT | 30% | 16,330,000,000 RUT |
> 6,000 RUT | 35% | 10,570,000,000 RUT |
> 8,000 RUT | 40% | 5,928,000,000 RUT |
> 10,000 RUT | 50% | 7,359,000,000 RUT |
> 15,000 RUT | 65% | 1,857,000,000 RUT | Total | 74,488,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
Date | 04:32:33, March 29, 2011 CET | From | Highazhell Party | To | Debating the Income tax proposal of July 3097 |
Message | Our current tax system is only generating 369,108,655,135 RUT. |
Date | 04:49:37, March 29, 2011 CET | From | Rutanian Supremacist League | To | Debating the Income tax proposal of July 3097 |
Message | Our current tax system isn't designed to milk Rutanians dry. |
Date | 10:40:16, March 29, 2011 CET | From | Highazhell Party | To | Debating the Income tax proposal of July 3097 |
Message | What idea's does the Horowitz party have for cutting the deficit? We believe the current system of taxing certain levels of income at 80 and 85% is unfair and think this more evenly spreads the burden. |
Date | 10:56:16, March 29, 2011 CET | From | Highazhell Party | To | Debating the Income tax proposal of July 3097 |
Message | We at the Highazhell party ask all of Rutania's parties to voice their ideas on how to raise more revenue. Any ideas on how to cut the deficit are welcome, although we are against excessive spending cuts. |
Date | 20:44:40, March 29, 2011 CET | From | Highazhell Party | To | Debating the Income tax proposal of July 3097 |
Message | If there are no other proposals, then we the Highazhell party are going forward on the vote. But honestly how can we go taxing high earning citizens 80-85% when we also tax luxury items at 20%! And how is it fair then to refuse any taxation on corporations, allowing them to pay less taxes than the poorest citizens is not fair to anyone. |
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Voting
Vote | Seats | |||
yes |
Total Seats: 421 | |||
no | Total Seats: 0 | |||
abstain | Total Seats: 254 |
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