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 3863
Details
Submitted by[?]: Adelia Religious Union
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 3864
Description[?]:
| The Adelia Religious Union propose to adjust the government's income tax policy to better address the economic situation of the The Federal Republic of Hutori. This was done after examining the mean income of the various citizens of our nations, and was done to spread money back into the system. This will end the last of our massive surplus, and should provide a massive boost to the consumption of our nation. |
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 HLR | 7% | 23,879,000,000 HLR |
| > 16,000 HLR | 15% | 114,496,000,000 HLR |
| > 35,000 HLR | 55% | 302,046,000,000 HLR |
| > 70,000 HLR | 99% | 155,506,000,000 HLR | Total | 595,927,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 03:31:40, June 19, 2015 CET | From | New Progressive Party | To | Debating the Income tax proposal of June 3863 |
| Message | Madam Speaker, Though the proposed tax bracket is progressive as it should be, the total tax receipts would leave the government with 100 billion less lira than the current tax regime, and with the doubled military budget, this leaves very little room for fiscal spending. Quite possibly, we may incur a deficit if we cannot receive the rest of the revenue from sales/luxury taxes. I urge other members to take note of this. Jose Diaz Co-Leader of the NPP I yield. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||||
| yes |
Total Seats: 104 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 431 |
| Random fact: References to prominent real-life persons are not allowed. This includes references to philosophies featuring the name of a real-life person (eg. "Marxism", "Thatcherism", "Keynesianism"). |
| Random quote: "Socialism failed because it couldn't tell the economic truth; capitalism may fail because it couldn't tell the ecological truth." Lester Brown, Fortune Brainstorm Conference, 2006 |