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Bill: Income tax proposal of February 3440
Details
Submitted by[?]: United Party
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: October 3440
Description[?]:
| The United (Royalist) Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Hutori. |
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 |
| > 14,000 HLR | 30% | 364,519,000,000 HLR |
| > 52,000 HLR | 40% | 146,861,000,000 HLR | Total | 511,380,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 01:18:17, February 13, 2013 CET | From | United Party | To | Debating the Income tax proposal of February 3440 |
| Message | Mr Speaker - This Budget proposes to take the most needy out of the tax regime enirely by raising the tax free allowance to 14,000 HLR. Meanwhile, only the very rich will pay higher rate tax at 40%. There will be a slight decrease in revenue, which will be paid for in cuts to red tape. Supreme Councillor Renée Villeneuve, Finance Minister |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 244 | ||||
| no |
Total Seats: 0 | ||||
| abstain | Total Seats: 147 |
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