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Bill: Income tax proposal of November 3101
Details
Submitted by[?]: Highazhell Party
Status[?]: defeated
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 3102
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 | 7% | 999,000,000 RUT |
| > 1,000 RUT | 9% | 2,568,000,000 RUT |
| > 1,500 RUT | 12% | 3,424,000,000 RUT |
| > 2,000 RUT | 15% | 4,178,000,000 RUT |
| > 2,500 RUT | 18% | 4,681,000,000 RUT |
| > 3,000 RUT | 21% | 4,870,000,000 RUT |
| > 3,500 RUT | 24% | 4,974,000,000 RUT |
| > 4,000 RUT | 26% | 4,700,000,000 RUT |
| > 4,500 RUT | 28% | 4,096,000,000 RUT |
| > 5,000 RUT | 30% | 3,451,000,000 RUT |
| > 5,500 RUT | 32% | 3,270,000,000 RUT |
| > 6,000 RUT | 34% | 3,205,000,000 RUT |
| > 6,500 RUT | 36% | 2,923,000,000 RUT |
| > 7,000 RUT | 38% | 2,594,000,000 RUT |
| > 7,500 RUT | 40% | 2,335,000,000 RUT |
| > 8,000 RUT | 45% | 1,949,000,000 RUT |
| > 8,500 RUT | 50% | 1,965,000,000 RUT |
| > 9,000 RUT | 55% | 1,883,000,000 RUT |
| > 9,500 RUT | 60% | 1,882,000,000 RUT |
| > 10,000 RUT | 65% | 3,038,000,000 RUT |
| > 11,000 RUT | 66% | 2,094,000,000 RUT |
| > 12,000 RUT | 67% | 1,538,000,000 RUT |
| > 13,000 RUT | 68% | 1,561,000,000 RUT |
| > 14,000 RUT | 69% | 1,573,000,000 RUT |
| > 15,000 RUT | 70% | 1,999,000,000 RUT | Total | 72,463,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 22:18:01, April 06, 2011 CET | From | Highazhell Party | To | Debating the Income tax proposal of November 3101 |
| Message | Although this seems overly complicated, by creating all these brackets were able to maximize revenue. This proposal will lower taxes for anyone under 6,000 and raise them for anyone over 6,500. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 189 | |||
| no |
Total Seats: 486 | |||
| abstain | Total Seats: 0 |
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