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Bill: Income tax proposal of June 3358
Details
Submitted by[?]: Popular Party
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: June 3359
Description[?]:
| The Popular Party propose to adjust the government's income tax policy to better address the economic situation of the The Republic of Dranland. Although the Popular Party do not support a flat tax as we believe that the richer members of society should pay more tax than the poorest, we also believe that the affluent should not be punished for their success. We also do not support tax policies which are bases on political populism rather than economic sense. As the top rate of tax does little more than punish the rich and raises a minuscule amount of money, we propose to remove it. Julie Smith Popukar Party Finance Spokeswoman |
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 |
| > 15,000 DRA | 12% | 122,681,000,000 DRA |
| > 33,000 DRA | 15% | 158,757,000,000 DRA |
| > 70,000 DRA | 20% | 120,000,000,000 DRA | Total | 401,438,000,000 DRA |
Debate
These messages have been posted to debate on this bill:
| Date | 15:43:01, September 01, 2012 CET | From | Grand National Party | To | Debating the Income tax proposal of June 3358 |
| Message | We are in favor of amending the tax system as proposed by Mrs. Smith, but still believe the ultimate goal should be a flat tax of 10% for all brackets of income including businesses. We will nevertheless support this bill as a transitional solution. Marina LeCoultre (GNP) Minister of Finance |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 111 | ||||
| no | Total Seats: 139 | ||||
| abstain |
Total Seats: 0 |
| Random fact: Did you know you can change the official name of your nation? All you need to do is draw up a new name that is in accordance with the Nation Renaming Guide, pass a bill proposing the name change with a two-thirds majority and then post a request to Moderation on the "Renaming Requests" thread. You can change city and region names in this way too. |
| Random quote: "An "acceptable" level of unemployment means that the government economist to whom it is acceptable still has a job." - Author Unknown |