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Bill: Income tax proposal of April 3245
Details
Submitted by[?]: Neo Policies Party(TROT)
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: December 3245
Description[?]:
http://forum.particracy.net/viewtopic.php?f=15&t=4480&p=35138#p35138 In the old taxation policy persons earning above 86000 are being charged 49 percent and we get 731,031,878,402 BDR.I mean who wants to pay 49 percnet of his income and why will capitalist class be there to invest in our Badara?So what the Somenath has done is that We have covered all population earning above 10000 BDR and upto 150000 BDR ,we have divided them into slab taking only from 5 percent to 25 percent from this population and 31 percent from people or rich person earning above 150000 BDR respectively.My critics can say why will poor people pay more.As a communist NPP will like to say when we are providing so many facilities like free school ,free hospital, Basic minimum subsistence allowance and even zero tax on essential goods Govt can charge this nominal fee and this fund will be directed towads them only thorugh public spending.With this new taxation policy and also not charging as high as 49 percent We have made following improvement. 1) Less burden on all. 2) More Profit for Govt to spend for welfare. 3) Attractive destination for FDI or foreign direct investment in less important sectors as we have lowered the overall tax yet we are making profit. Income after this taxation...817,728,000,000 BDR. Income before this taxation..731,031,878,402 BDR. I think BEC and Badara will pass it for betterment. |
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 BDR | 5% | 42,871,000,000 BDR |
| > 25,000 BDR | 10% | 139,347,000,000 BDR |
| > 50,000 BDR | 16% | 181,344,000,000 BDR |
| > 75,000 BDR | 20% | 144,161,000,000 BDR |
| > 100,000 BDR | 25% | 193,104,000,000 BDR |
| > 150,000 BDR | 31% | 115,766,000,000 BDR | Total | 816,593,000,000 BDR |
Debate
These messages have been posted to debate on this bill:
| Date | 18:51:43, January 18, 2012 CET | From | Royalist Party | To | Debating the Income tax proposal of April 3245 |
| Message | But this will affect poor ?? |
| Date | 02:10:06, January 19, 2012 CET | From | Neo Policies Party(TROT) | To | Debating the Income tax proposal of April 3245 |
| Message | u re really withou logic.....cant u see the explanation....???if u think it will affect counter it with logical deduction.... |
| Date | 03:58:39, January 19, 2012 CET | From | New Democratic Coalition | To | Debating the Income tax proposal of April 3245 |
| Message | I actually take the PLA point, I think the first bracket should pay no tax, and I also think that the last two barckets should pay considerably higher rates more like forty and fifty percent |
| Date | 15:01:44, January 19, 2012 CET | From | Neo Policies Party(TROT) | To | Debating the Income tax proposal of April 3245 |
| Message | ok point accepted..I will propose leaving people below 10000 and propose anew bill with tax frm rich people. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 151 | ||
| no |
Total Seats: 324 | ||
| abstain |
Total Seats: 275 |
| Random fact: It is not allowed to call more than 5 elections in 5 game years in a nation. The default sanction for a player persisting in the early election tactic will be a seat reset. |
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