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Bill: Income tax proposal of May 3961
Details
Submitted by[?]: Libertarian Party
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: March 3963
Description[?]:
| The Liberal Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. This is the only way taxes could be cut without raising the luxury goods or corporation tax. Here is a list of things that have gone wrong since 3924: - Consumption has gone down with: 18,722,379,391 RUT (~3% change in our GDP) - Government spending has gone up with: 11,500,000,000 RUT (~4% change in our GDP) - Investments has gone down with: 4,160,307,820 RUT (~1% change in our GDP) Our GDP has gone down since 3924 with: 11,382,687,211 RUT With lowering taxes we hope to raise consumption and investments plus the cutting in government spending in the budget bill we're hoping this will stimulate our down going economy. Sullivan Speight 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 |
| > 1,000 RUT | 6% | 3,423,000,000 RUT |
| > 2,000 RUT | 9% | 19,321,000,000 RUT | Total | 22,744,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 14:36:47, January 01, 2016 CET | From | Democratic Liberal Alliance party | To | Debating the Income tax proposal of May 3961 |
| Message | Support |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 255 | ||||
| no | Total Seats: 162 | ||||
| abstain |
Total Seats: 83 |
| Random fact: Don't put "the" as the first word in your party name, because when parties are referred to in news reports, their names are preceded with "the", e.g. the [Socialist Party] has lost. |
| Random quote: "He comes out of hibernation once every three years and says something stupid. No wonder the UR fell apart." - Tirza Sommer, Pragmatic Party Leader, on the Dorvish President, Leonhard Khan. |