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Bill: Income tax proposal of December 3301
Details
Submitted by[?]: Stanton House
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: August 3328
Description[?]:
The Stanton Family propose to adjust the government's income tax policy to better address the economic situation of the Sovereign County of Beluzia. |
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 |
> 7,500 BEL | 14% | 19,549,000,000 BEL |
> 10,000 BEL | 16% | 20,282,000,000 BEL |
> 12,500 BEL | 18% | 20,122,000,000 BEL |
> 15,000 BEL | 20% | 18,094,000,000 BEL |
> 17,500 BEL | 22% | 15,742,000,000 BEL |
> 20,000 BEL | 24% | 13,662,000,000 BEL |
> 22,500 BEL | 26% | 11,891,000,000 BEL |
> 25,000 BEL | 28% | 9,535,000,000 BEL |
> 27,500 BEL | 30% | 8,130,000,000 BEL |
> 30,000 BEL | 32% | 7,302,000,000 BEL |
> 32,500 BEL | 34% | 6,263,000,000 BEL |
> 35,000 BEL | 36% | 4,626,000,000 BEL |
> 37,500 BEL | 38% | 3,795,000,000 BEL |
> 40,000 BEL | 40% | 3,635,000,000 BEL |
> 42,500 BEL | 42% | 3,411,000,000 BEL |
> 45,000 BEL | 44% | 3,120,000,000 BEL |
> 47,500 BEL | 46% | 2,625,000,000 BEL |
> 50,000 BEL | 48% | 2,429,000,000 BEL |
> 52,500 BEL | 50% | 1,482,000,000 BEL |
> 55,000 BEL | 52% | 943,000,000 BEL |
> 57,500 BEL | 54% | 755,000,000 BEL |
> 60,000 BEL | 56% | 335,000,000 BEL |
> 62,500 BEL | 58% | 0 BEL |
> 65,000 BEL | 60% | 0 BEL | Total | 177,728,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
Date | 03:26:33, May 11, 2012 CET | From | Beluz Democratic Karavist Party | To | Debating the Income tax proposal of December 3301 |
Message | You want to cut tax revenue by 31,000,000,000 BEL, when tax rates barely change for anyone, except those earning 2500-7499 BEL. This only cuts a few brackets; it doesn't lower taxes for anyone. It only allows the citizens, who depend the most on welfare, to completely avoid the responsibilities of taxes which go towards supporting their lives. |
Date | 03:49:02, June 02, 2012 CET | From | House of Asher/Asher Ideology Reform Par | To | Debating the Income tax proposal of December 3301 |
Message | Agreed. The lower tax brackets should be added back in and, if reform is necessary, then the tax percentages should be redistributed among our biggest earners so that we gain more from them while the proportions remain relatively unchanged but a break is given to lower earners. Though, I would like to note that I do not believe that an adjustment in taxes is appropriate at this time. |
Date | 03:56:42, June 02, 2012 CET | From | Beluz Democratic Karavist Party | To | Debating the Income tax proposal of December 3301 |
Message | It has never been "appropriate" since the Karav tax reforms. If this bill is proposed, it will not be passed anyway. We already have a perfect economy, and when something isn't wrong, it doesn't need to be fixed. This is the current state of our economy: http://classic.particracy.net/budget.php?nationid=9 If we're going to cut taxes, we're going to have to make massive cuts in spending, and that means less state-provided welfare, health, and education. Government spending accounts for over 25% of Beluzia's GDP. |
Date | 04:38:55, June 02, 2012 CET | From | House of Asher/Asher Ideology Reform Par | To | Debating the Income tax proposal of December 3301 |
Message | No cuts will need to be made if the burden is evenly distributed among the other, more well off brackets. |
Date | 04:53:03, June 02, 2012 CET | From | Beluz Democratic Karavist Party | To | Debating the Income tax proposal of December 3301 |
Message | So suggest your own tax policy, since you're such an expert on Finance: http://classic.particracy.net/newtaxbill.php |
Date | 05:08:19, June 02, 2012 CET | From | House of Asher/Asher Ideology Reform Par | To | Debating the Income tax proposal of December 3301 |
Message | I stated above that no adjustment was necessary. These are only my suggestions should one be necessary. Pay attention. |
Date | 00:32:48, July 02, 2012 CET | From | Beluz Democratic Karavist Party | To | Debating the Income tax proposal of December 3301 |
Message | This will eventually lead to debt, which is expected to rise by 0.09% per year. OOC: I don't make up the figures that I use to comment on Finance bills like tax or spending proposals. |
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Voting
Vote | Seats | ||
yes |
Total Seats: 54 | ||
no | Total Seats: 10 | ||
abstain |
Total Seats: 35 |
Random fact: In Culturally Protected nations, special care must be taken to ensure realism is maintained when role-playing a government controlled by an ethnic and/or religious minority. If it is to be supposed that this government is supported by a majority of the population, then this should be plausibly and sufficiently role-played. The burden of proof is on the player or players role-playing such a regime to demonstrate that it is being done realistically |
Random quote: "A conservative is a man with two perfectly good legs who, however, has never learned to walk forward." - Franklin D. Roosevelt |