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Bill: Flat Tax - Saving our country
Details
Submitted by[?]: Democratic Catholic 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: February 3115
Description[?]:
| "This is a proportional income tax instead of progressive, single rate rather low (33%) combined with a broad no-tax area with the lowest incomes. All available data indicate that the systems single rate to 30% compared with those with progressive rates, give greater impetus to economic growth, generating substantial tax revenue to the exchequer. Currently our tax system is so complicated to generate high operating costs, to induce error in even the most experienced and make the job easier dell'evasore. The rate of "flat"instead of simplifying the tax increases the costs of avoidance and evasion, bar escape routes, Stan the submerged, remove red tape and related costs (it would fill in a form-postcard) that affect today on businesses and individuals. The Flat Tax is every taxpayer, and all forms of income equally. The richest with 100 times the income of the poorest Treasury pays 100 times the amount. At the same time, the total exemption includes a wide range of low income and can be based on the size of the family. " Riino Mio candidate for Finance, FHE |
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 |
| > 10,000 SOL | 33% | 796,886,000,000 SOL | Total | 796,886,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 00:52:47, May 02, 2011 CET | From | Imperial Nunc Futurum (CFu) | To | Debating the Flat Tax - Saving our country |
| Message | This bill may be one of the most important bills in newer Solentian history. Flat taxes are a great source to economical growth aswell as it serves the purpose of citizen equality. Nunc Futurum agrees very much on this proposition, and will vote yes. If this somehow won't make it, we know that we can stand aside with this question later. May our country prosper! -Leonardo Nicodemeus, Spokesman for Finance and Economy(INF) |
| Date | 15:19:26, May 02, 2011 CET | From | Democratic Catholic Party | To | Debating the Flat Tax - Saving our country |
| Message | "We thank the members of the party "Imperial nunc Futurum" for their support and assured that it would continue to propose this law in the future; we are baffled by the negative vote of fthe "liberal" forces as the FIP and the NUR, maybe they should better investigate the 'argument." FHE - Secretariat |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 83 | |||
| no | Total Seats: 296 | |||
| abstain |
Total Seats: 46 |
| Random fact: Moderation reserves the discretion to declare RP laws invalid if the players supporting them are doing so in an excessively confrontational way. |
| Random quote: "The worst thing the bad guys can do is force us to doubt the good ones." - Viria Agelasta, former Selucian politician |