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Bill: Post-Blue Taxation Fix
Details
Submitted by[?]: Beluz Democratic Karavist 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: December 3333
Description[?]:
| Persons earning less than 2500 BEL will not pay income tax. Income tax starts at 10 afyer the first 2500 BEL and raises by 2% for each 2500 BEL bracket, right up to 60% for 65,000 BEL. |
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% | 14,127,000,000 BEL |
| > 5,000 BEL | 12% | 16,953,000,000 BEL |
| > 7,500 BEL | 14% | 19,598,000,000 BEL |
| > 10,000 BEL | 16% | 20,332,000,000 BEL |
| > 12,500 BEL | 18% | 20,173,000,000 BEL |
| > 15,000 BEL | 20% | 18,141,000,000 BEL |
| > 17,500 BEL | 22% | 15,783,000,000 BEL |
| > 20,000 BEL | 24% | 13,698,000,000 BEL |
| > 22,500 BEL | 26% | 11,923,000,000 BEL |
| > 25,000 BEL | 28% | 9,560,000,000 BEL |
| > 27,500 BEL | 30% | 8,147,000,000 BEL |
| > 30,000 BEL | 32% | 7,315,000,000 BEL |
| > 32,500 BEL | 34% | 6,269,000,000 BEL |
| > 35,000 BEL | 36% | 4,627,000,000 BEL |
| > 37,500 BEL | 38% | 3,792,000,000 BEL |
| > 40,000 BEL | 40% | 3,631,000,000 BEL |
| > 42,500 BEL | 42% | 3,407,000,000 BEL |
| > 45,000 BEL | 44% | 3,116,000,000 BEL |
| > 47,500 BEL | 46% | 2,622,000,000 BEL |
| > 50,000 BEL | 48% | 2,426,000,000 BEL |
| > 52,500 BEL | 50% | 1,478,000,000 BEL |
| > 55,000 BEL | 52% | 941,000,000 BEL |
| > 57,500 BEL | 54% | 753,000,000 BEL |
| > 60,000 BEL | 56% | 334,000,000 BEL |
| > 62,500 BEL | 58% | 0 BEL |
| > 65,000 BEL | 60% | 0 BEL | Total | 209,146,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 18:21:25, July 12, 2012 CET | From |  Beluz Democratic Karavist Party | To | Debating the Post-Blue Taxation Fix |
| Message | For a nation to be considered "tax burdenous" it's tax revenue will need to be over 30% of its GDP. For a nation to be considered "tax lenient" it's tax revenue needs to be less than 10% of its GDP.. This proposal will only make tax revenue 19.58% of GDP. The Blue Coalition tax rates were 17.15% of the GDP, which is still over 10% so they are not as tax lenient as they want to seem, and we are not promoting a tax plan as burdenous as they want it to seem. |
| Date | 20:15:53, July 12, 2012 CET | From | Beluzian National Party | To | Debating the Post-Blue Taxation Fix |
| Message | What good is it having a Minister of Finance when the Karav Dynasty make budget proposals? |
| Date | 20:21:34, July 12, 2012 CET | From | Beluz Democratic Karavist Party | To | Debating the Post-Blue Taxation Fix |
| Message | This bill is not a proposal; it's intention is to repeal the Blue Coalition budget to restore it to the original one. So instead of looking at it as making a new bill, look at it as repealing a recent budget that is screwing up the country when the Finance Minister has done nothing about it, yet he is complaining about someone actually doing something. |
| Date | 20:24:11, July 12, 2012 CET | From | Beluzian National Party | To | Debating the Post-Blue Taxation Fix |
| Message | I have been preparing a new tax system and a new budget, but it seems there position of Minister of Finance is irrelevant. I recommend a Ministry of Karav instead. |
| Date | 20:27:35, July 12, 2012 CET | From | Beluz Democratic Karavist Party | To | Debating the Post-Blue Taxation Fix |
| Message | Again, this isn't really a "bill" It's more of a motion to repeal another bill that was already passed. We will not be proposing our own budget or tax plan. |
| Date | 20:52:47, July 12, 2012 CET | From | Takanashi Clan | To | Debating the Post-Blue Taxation Fix |
| Message | We do NOT think the Karav Dynasty is overstepping their authority, although we do want to encourage better communication within the cabinet to prevent further unfortunate accidents from happening. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 60 | |||
| no |
Total Seats: 39 | |||
| abstain | Total Seats: 0 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "Conservatism, however, is too often a welcome excuse for lazy minds, loath to adapt themselves to fast changing conditions." - Sigmund Freud |