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Bill: Income tax proposal of April 2152
Details
Submitted by[?]: RSDP - Democratic Front
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: December 2152
Description[?]:
| The Minister of Finance proposes to adjust the government's income tax policy to better address the economic situation of the Federated States of Rutania. |
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 |
| > 2,000 RUT | 10% | 9,759,000,000 RUT |
| > 4,000 RUT | 20% | 10,865,000,000 RUT |
| > 6,000 RUT | 30% | 15,833,000,000 RUT |
| > 12,000 RUT | 40% | 3,420,000,000 RUT |
| > 16,000 RUT | 45% | 517,000,000 RUT | Total | 40,394,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 21:35:33, December 07, 2005 CET | From |   RSDP - Democratic Front | To | Debating the Income tax proposal of April 2152 |
| Message | As you can see, this would decrease the government's income taxes revenue by 3,000,000,000 RUT, which would leave us with a surplus of 1.6 billion RUT rather than 4.6 billion RUT. You will also notice that I proposed a small change to the taxation system, low and medium incomes will be taxed less while the large incomes will be taxed more. We believe this will cause the tax pressure for the common Rutanian to drop. This bill is only one part of a new financial plan, the other will be a slight redistribution of the government's budget, a redistribution which will also mean that the government's expenses decrease. |
| Date | 02:47:17, December 08, 2005 CET | From | Radical Freedom Party | To | Debating the Income tax proposal of April 2152 |
| Message | For future reference, we do like discussion on tax bills. This is far from an ideal proposal. |
| Date | 12:04:51, December 08, 2005 CET | From | RSDP - Democratic Front | To | Debating the Income tax proposal of April 2152 |
| Message | I know, but I had to send it to vote while I was still in office. |
| Date | 17:39:43, December 08, 2005 CET | From | Libertarian Alcoholic Party II | To | Debating the Income tax proposal of April 2152 |
| Message | I don't understand why my fellow stingy capitalists didn't support this. It's a tax cut! |
| Date | 15:11:58, December 09, 2005 CET | From | RSDP - Democratic Front | To | Debating the Income tax proposal of April 2152 |
| Message | Probably because the rich would be taxed slighly more despite the fact that the overall tax pressure would drop severaly. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 229 | |||||
| no |
Total Seats: 370 | |||||
| abstain | Total Seats: 0 |
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