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Bill: Income tax proposal of July 3219
Details
Submitted by[?]: Progressive Conservatives
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: March 3220
Description[?]:
| Our government plans to restore the former 5% flat income tax on citizens who make more than 10,000 per annum and exempt those who make less. This means a loss of 23 billion in revenue. Given our surplus, legislators can expect a bill to cut 4 billion in spending and balance the budget in due course. |
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 BEL | 5% | 33,619,000,000 BEL | Total | 33,619,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 07:34:00, November 28, 2011 CET | From | Progressive Conservatives | To | Debating the Income tax proposal of July 3219 |
| Message | Correction: we need to cut 7 billion in spending, not 4 billion, to balance the budget with a 5% flat income tax. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 269 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 231 |
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