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Bill: Universe Party Finance Act - Bill 1 (counterpart to APS' flat tax bill)
Details
Submitted by[?]: The Liberal Socialists
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: January 3865
Description[?]:
| This is bill 1 of the universe party's finance act. It's a counterpart to APS' flat tax bill, next bill will introduce a cut in corporation tax. |
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 |
| > 1 SOL | 12% | 356,740,000,000 SOL | Total | 356,740,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 23:20:12, June 20, 2015 CET | From |  Free Democratic Party | To | Debating the Universe Party Finance Act - Bill 1 (counterpart to APS' flat tax bill) |
| Message | "Corporate Tax is already being cut." -Fred Johnson |
| Date | 23:30:38, June 20, 2015 CET | From | Free Democratic Party | To | Debating the Universe Party Finance Act - Bill 1 (counterpart to APS' flat tax bill) |
| Message | "We also would like to point out that this raises taxes for most people. It increases government revenue, as well. We would accept a tax of 9% at the most if the bracket is > 1 SOL." -Fred Johnson |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 40 | |||||
| no |
Total Seats: 318 | |||||
| abstain | Total Seats: 67 |
| Random fact: "Spamming", or the indiscriminate posting of unsolicited messages, is not allowed. |
| Random quote: "Wherever you have an efficient government, you have a dictatorship." - Harry S. Truman |