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Bill: Taxation Bill 001
Details
Submitted by[?]: Conservative Libertarian Party
Status[?]: defeated
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: November 3968
Description[?]:
| The Conservative Libertarian Party propose to adjust the government's income, sales, luxury goods and corporate taxation policy. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 8
Current: 26
Proposed: 2
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 20
Proposed: 10
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 35
Current: 33
Proposed: 20
Article 4
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 | 1% | 570,000,000 RUT |
| > 2,000 RUT | 3% | 3,910,000,000 RUT |
| > 5,000 RUT | 4% | 2,665,000,000 RUT |
| > 10,000 RUT | 6% | 880,000,000 RUT |
| > 15,000 RUT | 10% | 285,000,000 RUT | Total | 8,310,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 11:58:04, January 15, 2016 CET | From | Libertarian Party | To | Debating the Taxation Bill 001 |
| Message | Mr. Speaker, We don't agree with article 4, it will only cause loopholes and also the minister of finance is responsible for putting forward an altered tax system. However we do agree with article 1 and 3. We'll put that forward in another bill. Sullivan Speight, Minister of Finance |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 27 | ||||
| no |
Total Seats: 264 | ||||
| abstain |
Total Seats: 209 |
| Random fact: In your Message Centre there is a really useful feature which allows you to subscribe to all of the bill debates in your nation. If you use that, then the "Watched Discussions" section will show you every time a new message has been posted on a bill. You can also subscribe to other pages you want to follow, such as your nation message-board, party organisations or bills outside your nation which you are interested in. |
| Random quote: "The Religious Right dislikes both abortions and homosexuality. But who has fewer abortions than gays?" - George Carlin |