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Bill: Income tax proposal of May 3290
Details
Submitted by[?]: Democracy 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: January 3291
Description[?]:
| The Democracy Party propose to adjust the government's income tax policy to better address the economic situation of the People's Socialist Republic of Baltusia. |
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 |
| > 20,000 BLD | 7% | 36,585,000,000 BLD |
| > 30,000 BLD | 10% | 37,224,000,000 BLD |
| > 40,000 BLD | 20% | 54,952,000,000 BLD |
| > 50,000 BLD | 50% | 103,967,000,000 BLD |
| > 60,000 BLD | 70% | 255,187,000,000 BLD | Total | 487,915,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:44:06, April 17, 2012 CET | From | Democracy Party | To | Debating the Income tax proposal of May 3290 |
| Message | This taxation bill reduces the tax burden on the lowest earners, whilst increasing overall revenue, and drastically simplifying the system, and reducing the number of cliff-edges. Simultaneous with the spending bill, it will allow us to eliminate the deficit this country has been running for too long, and return us to an even financial keel. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 168 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 232 |
| Random fact: "Kubrk" is a Jelbic word that has the colloquial meaning "old man" or "geezer". |
| Random quote: "You will win, but you will not convince. You will win, because you possess more than enough brute force, but you will not convince, because to convince means to persuade. And in order to persuade you would need what you lack, reason and right in the struggle." - Miguel de Unamuno |