We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Income tax proposal of June 3782
Details
Submitted by[?]: Conservative Republican 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: February 3783
Description[?]:
| The Radical Republican Party propose to adjust the government's income tax policy to better address the economic situation of the Shinshiina Shiikuuwo (Sacred Sekowo). Sessei of the Kokkai, the Finance Department would like to raise to taxes so we can afford our defense budget. The defense needs over 500 Billion SEK in budget, and without the right tax rate, we can't reach that goal, so can you do us this favor and raise it accordingly? Zhong Kun Zhou Yong Minister of Finance |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 50
Current: 17
Proposed: 75
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 19
Proposed: 50
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 SEK | 15% | 6,815,000,000 SEK |
| > 7,000 SEK | 25% | 5,679,000,000 SEK |
| > 8,000 SEK | 30% | 13,630,000,000 SEK |
| > 10,000 SEK | 21% | 44,016,000,000 SEK |
| > 25,000 SEK | 50% | 22,785,000,000 SEK |
| > 30,000 SEK | 35% | 23,333,000,000 SEK |
| > 40,000 SEK | 30% | 10,664,000,000 SEK |
| > 50,000 SEK | 50% | 8,519,000,000 SEK |
| > 55,000 SEK | 60% | 6,728,000,000 SEK |
| > 60,000 SEK | 60% | 5,836,000,000 SEK |
| > 70,000 SEK | 75% | 3,339,000,000 SEK | Total | 151,344,000,000 SEK |
Debate
These messages have been posted to debate on this bill:
| Date | 20:16:44, January 03, 2015 CET | From | Conservative Republican Party | To | Debating the Income tax proposal of June 3782 |
| Message | Mr. Zhong Kun Zhou Yong of the Finance Ministry. I see your concern for the budget of the defense, but what about the other budgets? Will it be lowered, or will it be raised as well? Sessei Minoru Goro Sora Shouta |
| Date | 20:18:49, January 03, 2015 CET | From | Conservative Republican Party | To | Debating the Income tax proposal of June 3782 |
| Message | Sessei, depending on what is left, I can raise all Departments up an extra 1,000,000 SEK to 1,000,000,000 SEK. It depends on what is left over. If we go over, the country will be in debt and we will have no option but to lower the budget or raise the tax. Now, do I have your word on raising the taxes, or do we have to formally be in debt? Minister of Finance |
| Date | 20:20:54, January 03, 2015 CET | From | Conservative Republican Party | To | Debating the Income tax proposal of June 3782 |
| Message | Yes Finance Minister. You have my word, but if anything gets out of line, I will see it only lowering the budget and the taxes. You do know this will effect your run in the elections in two years right? Ok, lets go to voting. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | |
| yes | Total Seats: 500 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: To see what other nations are up to and to actively involve yourself in international activities: check the Roleplaying section on the forum! Don't be shy to make a news post about your party's recent achievements. |
| Random quote: "The key to understanding the American system is to imagine that you have the power to make nearly any law you want, but your worst enemy will be the one to enforce it." - Rick Cook |