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Bill: Income Flat-tax proposal
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: June 3132
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 33% 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. " Maria Verocka 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% | 794,880,000,000 SOL | Total | 794,880,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 11:12:05, June 03, 2011 CET | From |  Coalition for National Unity [CNU] | To | Debating the Income Flat-tax proposal |
| Message | "How many times? Under no circumstances." Rachael Walker, Finance Secretary |
| Date | 16:38:09, June 03, 2011 CET | From | Democratic Catholic Party | To | Debating the Income Flat-tax proposal |
| Message | "Why? Because you have a communist and statalist "Robin Hood" idea of taxes? It's time to save our country out of the debt. What is your proposal?" Carla Verolo - Leader of the FHE |
| Date | 16:48:11, June 03, 2011 CET | From | Coalition for National Unity [CNU] | To | Debating the Income Flat-tax proposal |
| Message | "The same as it has always been; every passed Unionist budget has resulted in the same; LOWER budget spending overall, HIGHER investment in Education and Health, and NO taxes for the poorest in our country or LOWER taxes for all low income brackets. This is our proud economic record and the NUR stands firm that we helped thousands of Solentia's poorest families without needlessly taxing the middle earner more. Where is your record? Where is the trust, the commitment, the experience? This is what the Unionists offer; faith and confidence in the Solentian economy and in the party running it." -Rachael Walker, Finance Secretary *Loud Unionist cheers* |
| Date | 17:45:54, June 04, 2011 CET | From | Democratic Catholic Party | To | Debating the Income Flat-tax proposal |
| Message | "Then solve the problem of debt! Our country continues to lose people and you do nothing! We are in recession! In two years, you did not even have a proposal, and you talk about records?" Carla Verolo - Leader of the FHE |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 160 | ||
| no | Total Seats: 265 | ||
| abstain | Total Seats: 0 |
| Random fact: Dorvik is a nation based on Germanic and old Prussian cultures, it is located on the far north of Artania, making it an almost arctic nation. |
| Random quote: "Capitalism and communism stand at opposite poles. Their essential difference is this: the communist, seeing the rich man and his fine home, says: 'No man should have so much.' The capitalist, seeing the same thing, says: 'All men should have as much.'" - Phelps Adams |