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Bill: Income tax proposal of June 3583 (Tax Breaks!!!)
Details
Submitted by[?]: Republican Democratic Nationalist Party
Status[?]: defeated
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: February 3584
Description[?]:
| The Republican Democratic Nationalist Party propose to adjust the government's income tax policy to better address the economic situation of the The Federal Republic of Beluzia. |
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 |
| > 15,000 BEL | 10% | 16,241,000,000 BEL |
| > 20,000 BEL | 20% | 32,841,000,000 BEL |
| > 30,000 BEL | 30% | 19,237,000,000 BEL |
| > 40,000 BEL | 40% | 11,988,000,000 BEL |
| > 50,000 BEL | 50% | 5,904,000,000 BEL | Total | 86,211,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 22:56:26, November 28, 2013 CET | From | Beluzian Liberty Party | To | Debating the Income tax proposal of June 3583 (Tax Breaks!!!) |
| Message | So you have consolidated the tax rates, which I have no problem with... but for those with currently under 10K are seeing their rate rise 2%, as are the ones between 15 & 20K. We also are seeing a huge drop in the overall revenue generated, again which we have no problem with, but the last budget had a surplus of 14 Billion. This one reduces revenue from 108 Billion to 86 Billion while I am no math wiz, I am telling you without seeing expenditures I cannot support this budget because as it is written, it will put us in a severe hole. |
| Date | 11:38:53, November 29, 2013 CET | From | United People's Party | To | Debating the Income tax proposal of June 3583 (Tax Breaks!!!) |
| Message | This would mean total dry-up of the revenues we have at present, and not long after, we would be in severe debts! And what practical purpose does removing the entire 10000 bracket at one go serve? And at the expense of increasing the two near brackets' taxes? If we do need to remove tax brackets, it should be gradual through gradual lowering of taxes over time such that the economy can sustain itself even without their taxes. And we are definitely in no such position. (OOC: As you can see, the game hasn't introduced any export-revenue system as yet, which we can solely rely upon for our incomes even if we remove tax brackets.) If tax breaks have to be introduced for all present income groups, we welcome them, but we need to see revised lower expenditures before we can accept any such proposal. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 182 | ||||
| no |
Total Seats: 218 | ||||
| abstain |
Total Seats: 0 |
| Random fact: Real-life organisations should not be referenced in Particracy, unless they are simple and generic (eg. "National Organisation for Women" is allowed). |
| Random quote: "A man who has no office to go to - I don't care who he is - is a trial of which you can have no conception." - George Bernard Shaw |