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Bill: Conway-Thompson Act: A Plan for Economic Growth
Details
Submitted by[?]: Urban Party of Rutania
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: November 3200
Description[?]:
The UPR hereby proposes a bill that'll reduce taxes for the middle class and corporations in hopes of creating economic growth. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 5
Current: 26
Proposed: 4
Article 2
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 |
> 2,000 RUT | 8% | 6,159,000,000 RUT |
> 3,500 RUT | 23% | 12,276,000,000 RUT |
> 5,000 RUT | 29% | 9,020,000,000 RUT |
> 6,500 RUT | 39% | 8,091,000,000 RUT |
> 8,000 RUT | 48% | 15,513,000,000 RUT | Total | 51,059,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
Date | 00:24:17, October 21, 2011 CET | From | Rutanian Restoration Party | To | Debating the Conway-Thompson Act: A Plan for Economic Growth |
Message | We fully back this proposal, despite our lack of seats in Parliament. |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 317 | ||||
no |
Total Seats: 149 | ||||
abstain |
Total Seats: 133 |
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