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Bill: Tax Simplification Bill
Details
Submitted by[?]: Workers' Solidarity Movement
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: July 3446
Description[?]:
| The Workers' Solidarity Movement 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 |
| > 2,000 RUT | 20% | 19,541,000,000 RUT |
| > 4,000 RUT | 40% | 21,755,000,000 RUT |
| > 6,000 RUT | 50% | 15,092,000,000 RUT |
| > 8,000 RUT | 60% | 19,423,000,000 RUT | Total | 75,811,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 00:50:30, February 24, 2013 CET | From | Workers' Solidarity Movement | To | Debating the Tax Simplification Bill |
| Message | Mr Speaker, The income tax proposals I have brought to Parliament today are a sensible set of reforms to our tax system. Firstly, this is a tax cutting Budget. The majority of Rutanians will see a fall in their tax as a result of these changes. The tax-free allowance has risen, and there is no increase in the highest rate of tax. Secondly, these reforms radically simplify the income system. The system reduces the number of tax brackets from 9 rates to just 4, all of which start at round figures and have a round marginal rate. Thirdly, the reforms are broadly revenue neutral, meaning that Rutania will continue to run a budget surplus after these reforms. In conclusion, Mr Speaker, these reforms make our tax system fairer and simpler, and will safeguard the Rutanian economy for years to come. I hope all others will join me in supporting it. Mason Pratt, Minister of Finance |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 283 | |||
| no | Total Seats: 93 | |||
| abstain | Total Seats: 129 |
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