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Bill: Economic Compromise and Stability Act of 2153 Part III: Revenue
Details
Submitted by[?]: Darnussian Strength Initiative
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: October 2155
Description[?]:
| This is a revenue plan to be considered in union with ECSA Part I & II |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 0
Proposed: 10
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 40
Proposed: 10
Article 3
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 |
| > 10,000 DAR | 10% | 28,901,000,000 DAR |
| > 15,000 DAR | 15% | 39,176,000,000 DAR |
| > 20,000 DAR | 20% | 149,586,000,000 DAR |
| > 40,000 DAR | 26% | 119,902,000,000 DAR |
| > 75,000 DAR | 32% | 38,747,000,000 DAR |
| > 100,000 DAR | 35% | 703,000,000 DAR | Total | 377,015,000,000 DAR |
Debate
These messages have been posted to debate on this bill:
| Date | 21:31:49, December 10, 2005 CET | From | Progressive Democratic Alliance | To | Debating the Economic Compromise and Stability Act of 2153 Part III: Revenue |
| Message | 12% sales tax on luxury goods???!?!?!?!?!?!!?!?!?! We will not stand for this travesty! |
| Date | 22:10:02, December 10, 2005 CET | From | Social Democratic Party of Darnussia | To | Debating the Economic Compromise and Stability Act of 2153 Part III: Revenue |
| Message | Your taxing the Consumer more then Corprorations? The VAT rate will destory our economy and how much the Consumers spend in our country" 12% is ridiculous |
| Date | 03:23:08, December 13, 2005 CET | From | Social Democratic Party | To | Debating the Economic Compromise and Stability Act of 2153 Part III: Revenue |
| Message | Sorry but we want to keep our low taxes. |
| Date | 16:50:33, December 13, 2005 CET | From | Vuloch Ca Korzia | To | Debating the Economic Compromise and Stability Act of 2153 Part III: Revenue |
| Message | Seeing as this actually aquates to a rise in taxes I am in favour. |
| Date | 16:52:34, December 13, 2005 CET | From | Darnussian Strength Initiative | To | Debating the Economic Compromise and Stability Act of 2153 Part III: Revenue |
| Message | Keep your low taxes? This is a 40% REDUCTION in taxation! |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 61 | |||||
| no |
Total Seats: 112 | |||||
| abstain | Total Seats: 28 |
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