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Bill: Let the RICH Pay Their Fair Share of Taxes Act
Details
Submitted by[?]: Capitalist Working Families
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: March 3870
Description[?]:
The Capitalist Working Families propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. For example, we will RAISE the corporate tax to 15%, which is 5% HIGHER than the People Socialist Union wish, while we also reduce marginal income tax reductions to a EQUAL TAX of 10% for ALL tax brackets. In our Holy Book, Malachi 3:10, God ONLY asks for 10% so should Government bureaucrats ask for MORE than the CREATOR of the Universe??? We will submit a budget that balances the Federal Budget periodically to PAY for the tax cut, but we wish to WAIT for the income tax reductions and corporate tax increase to pass to see HOW to balance the budget. ---The CWFP |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 26
Proposed: 15
Article 2
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 |
> 4,000 RUT | 10% | 8,463,000,000 RUT |
> 8,000 RUT | 10% | 1,482,000,000 RUT |
> 10,000 RUT | 10% | 1,244,000,000 RUT |
> 14,000 RUT | 10% | 514,000,000 RUT | Total | 11,703,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
Date | 10:35:17, July 01, 2015 CET | From | People Socialist Union | To | Debating the Let the RICH Pay Their Fair Share of Taxes Act |
Message | Mr speaker, We would support this plan for now. |
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Voting
Vote | Seats | ||
yes | Total Seats: 297 | ||
no |
Total Seats: 41 | ||
abstain | Total Seats: 88 |
Random fact: Dorvik is a nation based on Germanic and old Prussian cultures, it is located on the far north of Artania, making it an almost arctic nation. |
Random quote: "Men who have greatness in them don't go in for politics." - Albert Camus |