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Bill: Income tax proposal of December 3832
Details
Submitted by[?]: Democratic Alliance Party (DAP)
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: August 3833
Description[?]:
The Fair Budget Act (FBA) intends to balance out the distribution of tax, with the poorest paying the least, and the richest paying the most. The FBA will lead to a Đ1,549,480,000,000 surplus which is an increase of Đ321,827,225,971 from Đ1,227,652,774,029 meaning we can spend more money on public services, creating a richer and fairer society. The tax increase is a fairly distributed one, with a majority seeing a tax cut rather than a tax increase. |
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 DLD | 1% | 5,716,000,000 DLD |
> 20,000 DLD | 2% | 11,431,000,000 DLD |
> 30,000 DLD | 3% | 17,147,000,000 DLD |
> 40,000 DLD | 4% | 22,862,000,000 DLD |
> 50,000 DLD | 5% | 28,578,000,000 DLD |
> 60,000 DLD | 6% | 34,293,000,000 DLD |
> 70,000 DLD | 7% | 40,009,000,000 DLD |
> 80,000 DLD | 8% | 45,725,000,000 DLD |
> 90,000 DLD | 9% | 51,440,000,000 DLD |
> 100,000 DLD | 10% | 501,217,000,000 DLD |
> 200,000 DLD | 11% | 333,185,000,000 DLD |
> 300,000 DLD | 12% | 211,141,000,000 DLD |
> 400,000 DLD | 13% | 102,939,000,000 DLD |
> 500,000 DLD | 14% | 59,956,000,000 DLD |
> 600,000 DLD | 15% | 42,775,000,000 DLD |
> 700,000 DLD | 16% | 27,277,000,000 DLD |
> 800,000 DLD | 18% | 15,075,000,000 DLD |
> 900,000 DLD | 22% | 1,808,000,000 DLD | Total | 1,552,574,000,000 DLD |
Debate
These messages have been posted to debate on this bill:
Date | 21:51:44, April 18, 2015 CET | From | Forward Party of Dolgaria | To | Debating the Income tax proposal of December 3832 |
Message | Sounds good to us. |
Date | 22:55:30, April 18, 2015 CET | From | Radical Democrats | To | Debating the Income tax proposal of December 3832 |
Message | Mr Speaker, We would like a less complicated as well as a less bureaucratic tax system with fewer brackets. We would prefer only one, but we could also agree upon e.g. three. This could also result in a higher revenue, which we do support. Xavier Oldenburg Minister of Finance Radical Democrats |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 177 | ||||
no |
Total Seats: 171 | ||||
abstain | Total Seats: 52 |
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