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Bill: Edison Tax Act of May 3938
Details
Submitted by[?]: National Brotherhood for Prosperity
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: July 3939
Description[?]:
| Mr Speaker, This tax plan establishes a graduated income tax, while also keeping rates relatively low. This is truly a compromise between left and right, and will close the deficit. The NBP will support whatever tax plan has the most support. Peter Edison Minister 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 |
| > 500 RUT | 4% | 1,141,000,000 RUT |
| > 1,000 RUT | 5% | 7,741,000,000 RUT |
| > 4,000 RUT | 6% | 7,020,000,000 RUT | Total | 15,902,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 18:13:55, November 17, 2015 CET | From | Libertarian Party | To | Debating the Edison Tax Act of May 3938 |
| Message | Mr. Speaker, I owe this to the house to explain our vote. We believe in a capitalistic economy run by the free market. We also believe that everyone has rights, in one of them you're entitled to the fruits of your labour - you can spend what you earn-. We like to abolish income tax, not expand it. However we believe a compromise is good for the prosperity of this country, we do believe this violates a right of the individual and are therefore against it. Owen Spannagel Representative Khodor |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 116 | |||||
| no |
Total Seats: 87 | |||||
| abstain | Total Seats: 47 |
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| Random quote: "Prejudices subsist in people's imagination long after they have been destroyed by their experience." - Ernest Dimnet |