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Bill: Income tax proposal of November 3412
Details
Submitted by[?]: Minarchist League of Rutania
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: August 3413
Description[?]:
| The Rutanian Liberty Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth 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 |
| > 1,500 RUT | 9% | 7,841,000,000 RUT |
| > 3,100 RUT | 15% | 5,846,000,000 RUT |
| > 4,000 RUT | 34% | 18,476,000,000 RUT |
| > 6,000 RUT | 45% | 13,574,000,000 RUT |
| > 8,000 RUT | 46% | 3,795,000,000 RUT |
| > 9,000 RUT | 48% | 3,145,000,000 RUT |
| > 10,000 RUT | 50% | 8,769,000,000 RUT | Total | 61,446,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 23:53:02, December 18, 2012 CET | From |  Urban Party of Rutania | To | Debating the Income tax proposal of November 3412 |
| Message | Mr. Speaker, The UPR sees no reason to reduce rates or eliminating tax brackets. Ryan Oyama UPR Congressional Leader |
| Date | 00:04:07, December 19, 2012 CET | From | Minarchist League of Rutania | To | Debating the Income tax proposal of November 3412 |
| Message | Mr. Speaker, The high income taxes imposed on our people stunt economic growth. Lower taxes means more money for people to spend on goods. Those companies where money is spent can then reinvest and create jobs. Why would you not want that? Walter Parrot Chairman, RLP |
| Date | 00:20:18, December 19, 2012 CET | From | Urban Party of Rutania | To | Debating the Income tax proposal of November 3412 |
| Message | Mr. Speaker, The UPR will support this plan in conjunction with the proposed budget. Ryan Oyama UPR Congressional Leader |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 382 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 217 |
| Random fact: Real-life religions should not be referenced in Particracy. Terra has its own religions, many of which mirror real-life ones. See: http://particracy.wikia.com/wiki/Illustrated_Catalogue_of_Religion |
| Random quote: "If men want to oppose war, it is statism that they must oppose." - Ayn Rand |