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Bill: Tax Reform Program
Details
Status[?]: passed
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 3922
Description[?]:
| Thoouts Aksiomatikos, As promised in our election manifesto, we will reduce taxes across the board. Here are the highlights - The number of rates will be reduce from 8 to 5 in the long march to a flat tax. - The top rate will tumble from 60% to 29% to allow hard workers to keep more of their earnings and encourage more of that. - The bottom rate of 3% will be abolished, a tax cut targeted towards low and middle income earners. - The second rate of 7% will be reduced to 6%, for average Coburans' benefit too. - The third rate will fall from 24% to 21% - middle income earners, rejoice! - The fourth one will fall from 30% to 24% - middle income earners, rejoice some more! Tesfaye Bishaw Vizier of Finance - |
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 |
| > 4,000 COB | 6% | 6,336,000,000 COB |
| > 6,000 COB | 15% | 12,477,000,000 COB |
| > 8,000 COB | 21% | 16,967,000,000 COB |
| > 11,000 COB | 25% | 15,821,000,000 COB |
| > 16,000 COB | 29% | 11,585,000,000 COB | Total | 63,186,000,000 COB |
Debate
These messages have been posted to debate on this bill:
| Date | 19:25:14, October 13, 2015 CET | From |  Royal People's Party | To | Debating the Tax Reform Program |
| Message | Thoouts Aksiomatikos, We have similar opinion on this tax plan as we do for the budget plan: not that bad, yet. May as well cut taxes if we're cutting the budget. However, Coburans should recognize this plan as extremely disingenous. This planned is being framed as primarily benefiting the lower and middle classes when that's obviously not true. The slashing the 40, 50, and 60 percent tax brackets it incredibly clear who this plan is designed to benefit. Despite all the pseudo-populist nonsense Semayawi has been spewing over the last election cycle to get votes, it should be clear now that Semayawi is a party by the elite, for the elite. Hatre Nēfo KE Assembly Leader |
| Date | 19:27:16, October 13, 2015 CET | From | Royal People's Party | To | Debating the Tax Reform Program |
| Message | OOC: Wow. I need to proofread better. "The slashing OF the 40, 50, and 60 percent tax brackets MAKES it incredibly clear..." |
| Date | 03:29:17, October 14, 2015 CET | From | Royal People's Party | To | Debating the Tax Reform Program |
| Message | OOC: actually on the whole my post wasn't incredibly well thought out. Oh well. |
| Date | 06:18:11, October 14, 2015 CET | From | Semayawi | To | Debating the Tax Reform Program |
| Message | OOC: It makes sense to me. Thoouts Aksiomatikos, The scrapping of those rates is a necessary part of killing our image as the tax devils of Majatra. Until Jakania caught up, we were one of the highest taxing jurisdictions. Now with a top rate of 29% we will tend towards the lowest, lower than Zardugal and Jakania at least, but still far ahead of those lie Deltaria or Jelbania. Tesfaye Bishaw Vizier of Finance |
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Voting
| Vote | Seats | |
| yes |
Total Seats: 191 | |
| no | Total Seats: 0 | |
| abstain |
Total Seats: 59 |
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