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Bill: Income tax proposal of August 3262
Details
Submitted by[?]: Socialist Party
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: April 3263
Description[?]:
| The Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Hutori. |
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 HLR | 20% | 190,725,000,000 HLR |
| > 30,000 HLR | 30% | 178,781,000,000 HLR |
| > 60,000 HLR | 40% | 103,581,000,000 HLR | Total | 473,087,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 12:32:53, February 22, 2012 CET | From | United Party | To | Debating the Income tax proposal of August 3262 |
| Message | Mr Speaker - This will reduce the tax free alloance from 15,000 HLR to 10,000 HLR, affecting the most vulnerable in society. We'll support measures to increase revenue from the rich, but not if it hits the poor. |
| Date | 12:51:19, February 22, 2012 CET | From | Socialist Party | To | Debating the Income tax proposal of August 3262 |
| Message | Rt Hon Stephen Myerson MP, Chancellor of the Exchequer Mr Speaker, this increases tax for those earning above 10,000 from 15% to 20%, it does not reduce the tax free allowance. Since the rich also pay in this bracket it will affect them far more than the most vulnerable as they will pay 20% from 10,000 to 30,000. Mr Speaker, this taxation will increase revenues to the Hutori exchequer and stop the current punishing system where all income above 40,000 is immediately taxed at 40%. This change stages the increase whilst ensuring the wealthy continue to pay far more of their income in tax. |
| Date | 12:58:25, February 22, 2012 CET | From | United Party | To | Debating the Income tax proposal of August 3262 |
| Message | Martha Dubois MP, Finance spokesperson Mr Speaker - Having reviewed the finer details of the Bill, we realise that there may have been a misunderstanding. We shall consider this with the care it deserves. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 212 | |||
| no |
Total Seats: 93 | |||
| abstain | Total Seats: 43 |
| Random fact: Real-life organisations should not be referenced in Particracy, unless they are simple and generic (eg. "National Organisation for Women" is allowed). |
| Random quote: "Those who expect to reap the blessing of freedom must, like men, undergo the fatigue of supporting it. " - Thomas Paine |