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Bill: Income tax proposal of December 3573
Details
Submitted by[?]: Radicali Solentiani
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: August 3574
Description[?]:
| The Radicali Solentiani propose to adjust the government's income tax policy to better address the economic situation of the Grande Millenaria Repubblica Commerciale di Solentia (Grand Millennial Trade Republic of Solentia). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 38
Current: 0
Proposed: 0
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 8
Current: 0
Proposed: 0
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 |
| > 5,000 SOL | 25% | 42,327,000,000 SOL |
| > 8,000 SOL | 47% | 428,698,000,000 SOL |
| > 25,000 SOL | 49% | 789,778,000,000 SOL | Total | 1,260,803,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 18:11:24, November 09, 2013 CET | From |  Gilde Mercantile Solentia | To | Debating the Income tax proposal of December 3573 |
| Message | I ask all my colleagues to support this decrease in the burden of the Solentian People. Far too long have we been under a corrupt and imperialistic government. Lower the taxes! Free Solentians from the shackles of Liberal failures. Matthew du Pont Signoria Majority Leader |
| Date | 20:02:34, November 09, 2013 CET | From | Grand Liberal Party | To | Debating the Income tax proposal of December 3573 |
| Message | I suggest that Mr du Pont reads the details of this shambolic proposal. This house should be in no doubt that the only Solentians who will be enjoying this tax cut are the very richest in our soceity. The poor will actually be paying more, and coupled with the proposed reductions in government social mobility will be hit hard. The only ones who will be rubbing their hands with glee are the dispicable oil barons, who are content to line their own pockets, while giving nothing back to the nation. What’s more, why should companies, including foreign companies be free from any taxation? They have the benefit of trading in the peaceful and prosperous nation - they should be contributing something back to the lives of ordinary Solentians. It seems clear that this government is one of vested interests both at home, and abroad. Jack Reed Liberal Finance Spokesman |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 491 | ||
| no |
Total Seats: 259 | ||
| abstain | Total Seats: 0 |
| Random fact: Players who deliberately attempt to present a misleading picture of the nation's current RP laws will be subject to sanction. |
| Random quote: "Catch a man a fish, and you can sell it to him. Teach a man to fish, and you ruin a wonderful business opportunity." - Karl Marx |