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Bill: Income tax proposal of November 3765
Details
Submitted by[?]: Freedom 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: July 3766
Description[?]:
The Freedom Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Solentia. |
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 |
> 10,000 SOL | 8% | 64,014,000,000 SOL |
> 25,000 SOL | 13% | 73,574,000,000 SOL |
> 40,000 SOL | 18% | 81,277,000,000 SOL |
> 60,000 SOL | 27% | 84,195,000,000 SOL |
> 85,000 SOL | 34% | 96,553,000,000 SOL | Total | 399,613,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
Date | 15:34:49, November 29, 2014 CET | From | Solentias People Party | To | Debating the Income tax proposal of November 3765 |
Message | This would creat a giant budget decifit. It's obvous by now that FP can't be trusted in handling Solentias economy and finance. |
Date | 15:35:49, November 29, 2014 CET | From | Solentias People Party | To | Debating the Income tax proposal of November 3765 |
Message | This would creat a giant budget decifit. It's obvous by now that FP can't be trusted in handling Solentias economy and finance. |
Date | 15:56:34, November 29, 2014 CET | From | Freedom Party | To | Debating the Income tax proposal of November 3765 |
Message | No it wouldnt because the taxes on luxury goods and corporations would cover the remaining to pay the spending budget of the new spending bill the FP is also proposing, and it would even create a surplus of 3,847,595,002 . Do the math SPP, did you really think the FP would propose a taxation bill that would leave Solentia in debt? |
Date | 16:34:09, November 29, 2014 CET | From | Solentias People Party | To | Debating the Income tax proposal of November 3765 |
Message | This bill was put to a vote before a new budget was voted on. So we hade nothing but the current budget to compare with. You don't spend before you have the money. |
Date | 19:19:02, November 29, 2014 CET | From | Freedom Party | To | Debating the Income tax proposal of November 3765 |
Message | The Freedom Party acknowledges that, but the only thing is we are close to the elections and the FP wants to speed up the process so we can have a new taxation and spending budget before the elections, we hope this budget will fit to this and to the following government (elected in 3766), because it cuts the spending on behalf of the State and gives citizens a tax relief, of course, one who approves this taxation bill will have to vote in favour of the spending bill. |
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Voting
Vote | Seats | |||||
yes |
Total Seats: 0 | |||||
no | Total Seats: 108 | |||||
abstain |
Total Seats: 117 |
Random fact: Moderation will not approve a Cultural Protocol request within the first 48 hours of it being requested. This is in order to give other players a chance to query the proposed changes, if they wish to do so. Moderation may be approached for advice on a proposed change, but any advice proffered should always be understood under the provisio that no final decision will be made until at least 48 hours after the request has been formally submitted for approval. |
Random quote: "Liberty means responsibility. That is why most men dread it." - George Bernard Shaw |