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Bill: Income tax proposal of September 3304
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 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 3305
Description[?]:
put the Income tax so that is no tax bracket tahat erned no money |
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 |
> 2,500 BEL | 10% | 14,103,000,000 BEL |
> 5,000 BEL | 12% | 16,924,000,000 BEL |
> 7,500 BEL | 14% | 19,565,000,000 BEL |
> 10,000 BEL | 16% | 20,300,000,000 BEL |
> 12,500 BEL | 18% | 20,144,000,000 BEL |
> 15,000 BEL | 20% | 18,111,000,000 BEL |
> 17,500 BEL | 22% | 15,756,000,000 BEL |
> 20,000 BEL | 24% | 13,673,000,000 BEL |
> 22,500 BEL | 26% | 11,900,000,000 BEL |
> 25,000 BEL | 28% | 9,538,000,000 BEL |
> 27,500 BEL | 30% | 8,129,000,000 BEL |
> 30,000 BEL | 32% | 7,299,000,000 BEL |
> 32,500 BEL | 34% | 6,255,000,000 BEL |
> 35,000 BEL | 36% | 4,616,000,000 BEL |
> 37,500 BEL | 38% | 3,782,000,000 BEL |
> 40,000 BEL | 40% | 3,623,000,000 BEL |
> 42,500 BEL | 42% | 3,400,000,000 BEL |
> 45,000 BEL | 44% | 3,112,000,000 BEL |
> 47,500 BEL | 46% | 2,617,000,000 BEL |
> 50,000 BEL | 48% | 2,422,000,000 BEL |
> 52,500 BEL | 50% | 1,479,000,000 BEL |
> 55,000 BEL | 52% | 942,000,000 BEL |
> 57,500 BEL | 54% | 754,000,000 BEL |
> 60,000 BEL | 56% | 334,000,000 BEL | Total | 208,778,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
Date | 02:21:34, May 17, 2012 CET | From | Beluz Democratic Karavist Party | To | Debating the Income tax proposal of September 3304 |
Message | This isn't different from the current budget. The tax brackets for 62,500 BEL and 65,000 BEL are provisional. They are in place so that the tax system is consistent throughout. Unlike the Stantons, we like preparation. We're not going to wait until someone starts earning 62,500 BEL before we set a tax rate for that bracket. They would have evaded taxes and broken the consistency in the rates that we set. This bill is unnecessary, and really serves no purpose. |
Date | 03:10:42, May 17, 2012 CET | From | Stanton House | To | Debating the Income tax proposal of September 3304 |
Message | this tax bracket ever no money so if cost a lot of money to have this will can reisure if if can that the arer usful |
Date | 03:46:19, May 17, 2012 CET | From | Beluz Democratic Karavist Party | To | Debating the Income tax proposal of September 3304 |
Message | It doesn't cost money to have a tax bracket. It does cost money to teach students how to speak properly, and you're a bad influence. |
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Voting
Vote | Seats | |||
yes |
Total Seats: 28 | |||
no | Total Seats: 35 | |||
abstain |
Total Seats: 36 |
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