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Bill: Income tax proposal of March 3299
Details
Submitted by[?]: Stanton House
Status[?]: defeated
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: February 3300
Description[?]:
The Stanton Family (tory) propose to adjust the government's income tax policy to better address the economic situation of the Sovereign County of Beluzia. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 10
Proposed: 15
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 |
> 2,500 BEL | 7% | 9,867,000,000 BEL |
> 5,000 BEL | 10% | 28,062,000,000 BEL |
> 10,000 BEL | 12% | 15,216,000,000 BEL |
> 12,500 BEL | 16% | 17,894,000,000 BEL |
> 15,000 BEL | 20% | 18,102,000,000 BEL |
> 17,500 BEL | 22% | 15,747,000,000 BEL |
> 20,000 BEL | 24% | 13,665,000,000 BEL |
> 22,500 BEL | 26% | 11,895,000,000 BEL |
> 25,000 BEL | 28% | 9,535,000,000 BEL |
> 27,500 BEL | 30% | 8,129,000,000 BEL |
> 30,000 BEL | 34% | 7,756,000,000 BEL |
> 32,500 BEL | 36% | 6,626,000,000 BEL |
> 35,000 BEL | 40% | 5,134,000,000 BEL |
> 37,500 BEL | 42% | 4,188,000,000 BEL |
> 40,000 BEL | 40% | 3,630,000,000 BEL |
> 42,500 BEL | 42% | 3,406,000,000 BEL |
> 45,000 BEL | 50% | 8,918,000,000 BEL |
> 52,500 BEL | 55% | 1,628,000,000 BEL |
> 55,000 BEL | 60% | 2,284,000,000 BEL | Total | 191,682,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
Date | 14:23:01, May 05, 2012 CET | From | Beluz Democratic Karavist Party | To | Debating the Income tax proposal of March 3299 |
Message | 1) You're copying our system, every time we make one. All you do is add/remove brackets randomly. 2) This earns approximately 17,000,000,000 less than the current system. With only a surplus of 6,000,000,000, this would put us into a debt crisis of at least 11,000,000,000. 3) We already told you that you suck at Finance; give up. |
Date | 14:25:35, May 05, 2012 CET | From | Patterson House | To | Debating the Income tax proposal of March 3299 |
Message | The DeKarav's should be a little less rude. |
Date | 14:27:00, May 05, 2012 CET | From | Patterson House | To | Debating the Income tax proposal of March 3299 |
Message | I approve of these measures. We give people a tax cut and compensate for it with a 5% tax hike on corporations. |
Date | 14:33:59, May 05, 2012 CET | From | Beluz Democratic Karavist Party | To | Debating the Income tax proposal of March 3299 |
Message | You approve of these measures? We cannot just cut their taxes before hiking another tax; we have to hike the other one first. If we cut taxes, we get thrown into debt again. Luckily, the last crisis was less than 105,000,000. This bill will put us into a situation with a debt of 104 times that. Then we'll lose more jobs, because corporations will close to go to countries with lower rates. More job loss = another economic crisis, which is what forced us to raise taxes recently. Fortunately, the tax hike brought us to be able to spend more, so the people are really getting what they're paying taxes for. -- OOC: They really do that. There is a set amount of corporations, and they seek to be in the nations with the lowest tax rates and the least regulation. |
Date | 14:44:49, May 05, 2012 CET | From | Patterson House | To | Debating the Income tax proposal of March 3299 |
Message | OOC: I didn't know that. I guess then I'll vote no. |
Date | 15:13:26, May 05, 2012 CET | From | Beluz Democratic Karavist Party | To | Debating the Income tax proposal of March 3299 |
Message | OOC: That's why I told you to leave Finance to me for now. We're not even a tax burdenous nation, because our income tax serves for less than 30% of our GDP. |
Date | 03:39:50, May 06, 2012 CET | From | Beluz Democratic Karavist Party | To | Debating the Income tax proposal of March 3299 |
Message | (If this bill passes) Brace yourselves! We have another debt wave that would require us to raise taxes again! |
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Voting
Vote | Seats | |||||
yes |
Total Seats: 17 | |||||
no |
Total Seats: 82 | |||||
abstain | Total Seats: 0 |
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