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Bill: Income tax proposal of October 4000
Details
Submitted by[?]: Conservative Party of Hobrazia
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: June 4001
Description[?]:
| The Conservative Party of Hobrazia propose to adjust the government's income tax policy to better address the economic situation of the Hobrazia. Mr speaker the Chancellor to the treasury has made his taxation plan for the next three years. I have increased revenue by almost 90,000,000,000 HCR and the best part is that the taxes are lower for most people. This tax plan provides stability and security to both the government,and our citizens as it is our aim to allow them to take home more money in their pockets. I can assure the house this plan is fair and it will give you the revenue but also respect from the people. Now as an economist, I can tell the house if you lower taxes to a certain peak, then income is higher than if the tax was higher.this has been proven in this taxation bill and I know the socialists probably don't like it but if they were in power we know exactly what they would be doing don't we. Higher taxes for everyone and giving people benefits for anything. That is not a stable government, this coalition however is! .................. The leader of the largest opposition party should make a statement about this taxation plan and should also ask the chancellor questions. |
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 |
| > 2,500 HCR | 15% | 21,214,000,000 HCR |
| > 5,000 HCR | 18% | 50,912,000,000 HCR |
| > 10,000 HCR | 22% | 122,144,000,000 HCR |
| > 20,000 HCR | 25% | 149,380,000,000 HCR |
| > 35,000 HCR | 30% | 75,114,000,000 HCR |
| > 45,000 HCR | 31% | 28,282,000,000 HCR |
| > 50,000 HCR | 33% | 45,871,000,000 HCR |
| > 60,000 HCR | 35% | 47,221,000,000 HCR |
| > 75,000 HCR | 35% | 53,738,000,000 HCR |
| > 135,000 HCR | 36% | 943,000,000 HCR | Total | 594,819,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
| Date | 10:17:15, March 20, 2016 CET | From | Kushite Revolution | To | Debating the Income tax proposal of October 4000 |
| Message | Mr Speaker, Let us hope this shall work as planned. If it does not then we shall take the necessary measures. |
| Date | 11:01:19, March 20, 2016 CET | From | Conservative Party of Hobrazia | To | Debating the Income tax proposal of October 4000 |
| Message | "The honourable gentleman is not making himself clear and is causing confusion to many members of the house. Can you please rephrase what you are saying so that we can understand. Thank you. I call to the leader of the opposition Kushites revolution party todo as I request." SPEAKER OF THE HOUSE |
| Date | 12:46:24, March 20, 2016 CET | From | Kushite Revolution | To | Debating the Income tax proposal of October 4000 |
| Message | Mr Speaker, I am saying that we are supporting this to see how it works for the economy,if it fails to raise our GDP and revenue collection we shall seek for its amendment. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 417 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 233 |
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| Random quote: "The state is nothing but an instrument of oppression of one class by another, no less so in a democratic republic than in a monarchy." - John Smith |