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Bill: Income tax proposal of September 3302
Details
Submitted by[?]: Grand National 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: May 3303
Description[?]:
| Members of the Parliament, in order to introduce a Flat Tax system, we propose to cut the tax rates for the two highest incomes brackets from 20 to 15 percent. This will not only reward success, but also boost consumption and provide an incentive for investment and growth. Mario Lavazza (GNP) Minister of Finance |
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 DRA | 15% | 172,431,000,000 DRA |
| > 30,000 DRA | 15% | 117,526,000,000 DRA |
| > 50,000 DRA | 15% | 64,947,000,000 DRA |
| > 70,000 DRA | 15% | 34,547,000,000 DRA |
| > 90,000 DRA | 15% | 49,743,000,000 DRA |
| > 150,000 DRA | 15% | 4,903,000,000 DRA |
| > 180,000 DRA | 15% | 791,000,000 DRA | Total | 444,888,000,000 DRA |
Debate
These messages have been posted to debate on this bill:
| Date | 15:20:15, May 12, 2012 CET | From | Peoples Libertarian Alliance | To | Debating the Income tax proposal of September 3302 |
| Message | We believe there is a better proposal to be made, We believe that the poor need a tax cut and those with money can pay. Therefore we will not support this bill but instead a different bill. Connor Egan Chairman of the Peoples Libertarian Alliance |
| Date | 16:17:22, May 12, 2012 CET | From | Grand National Party | To | Debating the Income tax proposal of September 3302 |
| Message | You have a fair point, but in turn, we must also promote investment and job creation which can best be taken care of by cutting taxes on high incomes. Of course, tax rates must be low in general to encourage consumption alike. Mario Lavazza (GNP) Minister of Finance |
| Date | 17:27:17, May 12, 2012 CET | From | Plaid Genedlaethol Rhyddfrydol | To | Debating the Income tax proposal of September 3302 |
| Message | We support the since its a flat tax. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 140 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 110 |
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