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Bill: Income tax proposal of January 3465
Details
Submitted by[?]: Freedom 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 not pass any sooner than the deadline.
Voting deadline: September 3465
Description[?]:
| The Werin Da&Hosiansk-demokratisk Høyre propose to adjust the government's income tax policy to better address the economic situation of the Republic of Dranland. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 15
Proposed: 13
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 9
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 |
| > 15,000 DRA | 9% | 118,909,000,000 DRA |
| > 40,000 DRA | 22% | 127,354,000,000 DRA |
| > 60,000 DRA | 24% | 188,248,000,000 DRA | Total | 434,511,000,000 DRA |
Debate
These messages have been posted to debate on this bill:
| Date | 17:24:35, April 04, 2013 CET | From | Radical Liberal Party of Dranland | To | Debating the Income tax proposal of January 3465 |
| Message | Mr Speaker GNP joined the chorus of non-sense and anti-business evils. They can't call themselves pro-business and pro-decent jobs anymore. Kenny Moriapo MP UAC Co-Leader of CPF |
| Date | 20:11:27, April 04, 2013 CET | From | Grand National Party | To | Debating the Income tax proposal of January 3465 |
| Message | Mr Speaker, what the CPF fails to see is that investment is generated by personal income, which will be granted a relief with this bill. Our support for the abolition of the corporate tax was based on our opposition to the then-high taxes on personal income, which has now been reversed thanks to the wise leadership of the former GNP-PP-Green government. This bill re-introduces a balance between different sort of taxes while keeping them flat at the same time and even reducing progression. Graham Breckinridge MP Member for Elbian GNP Finance Spokesman |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 227 | |||||
| no | Total Seats: 66 | |||||
| abstain | Total Seats: 106 |
| Random fact: Once approved, players should copy Cultural Protocols into a bill in the debate section of their nation page, under the title of "OOC: Cultural Protocols". This bill should include links to the passed Cultural Protocol bill and the Moderation approval. |
| Random quote: "The whole aim of practical politics is to keep the populace alarmed by menacing it with an endless series of hobgoblins, all of them imaginary." - H. L. Mencken |