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Bill: Income tax proposal of October 3334
Details
Submitted by[?]: Vigs Partija ('Whigs')
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: June 3335
Description[?]:
| The Vācbaltiešu Vigs Partija ('Whigs') propose to adjust the government's income tax policy. This bill reduces the income tax take from the lowest earners from 8% of their income to 5%. This will help battle poverty, and also increase consumers disposable income in the real economy. We have also reduced the top rate from 25 to 22%, to act as an economic stimulus. |
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 |
| > 12,000 DLD | 5% | 8,540,000,000 DLD |
| > 15,000 DLD | 10% | 28,465,000,000 DLD |
| > 20,000 DLD | 15% | 256,187,000,000 DLD |
| > 50,000 DLD | 20% | 569,305,000,000 DLD |
| > 100,000 DLD | 22% | 2,535,094,000,000 DLD | Total | 3,397,591,000,000 DLD |
Debate
These messages have been posted to debate on this bill:
| Date | 18:17:06, July 15, 2012 CET | From | Progressive Green Party | To | Debating the Income tax proposal of October 3334 |
| Message | We abstain due to the second change (25% to 22%). |
| Date | 22:42:23, July 15, 2012 CET | From | Dolgava Labour Party | To | Debating the Income tax proposal of October 3334 |
| Message | We are abstaining aswell |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 179 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 72 |
| Random fact: When your party holds the foreign affairs department, you can create new treaties. However, before writing anything new, it is a good idea to search for existing treaties which already accomplish what you desire. |
| Random quote: "Forgive your enemies, but never forget their names." - John F. Kennedy |